BORGESTAD ASA: årsregnskap 2019 vs 2018
Shrank 90% on revenue, slipped into loss, fresh owner capital
approved 2020-05-28; registry 2020-07-07; journal 2020 543987
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for BORGESTAD ASA. Revenue 9.96m NOK → 975.0k NOK (-90.2%). Net result +6.26m NOK → -61.65m NOK. Equity 431.59m NOK → 529.8k NOK.
On the constructive side: cash rose; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for BORGESTAD ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 6.65m NOK → 25.76m NOK (+287.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.26× → 10.71×. Calculated
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↑
Owners injected capital
Paid-in equity rose 96.83m NOK → 236.45m NOK (+139.61m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.96m NOK to 975.0k NOK (-90.2% YoY). Calculated
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↓
Operating result weakened
Operating result -4.93m NOK → -12.38m NOK (op. margin -49.5% → -1269.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 6.26m NOK profit to a loss of 61.65m NOK. Calculated
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↓
Equity eroded
Book equity 431.59m NOK → 529.8k NOK (equity ratio 55.4% → 65.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.29m NOK → 4.28m NOK (-0.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 753.9k NOK → 782.6k NOK. Reported fact