FirmaIQ
Org.nr 996 162 095 2018 → 2019 Year-over-year analysis

CIRCIO HOLDING ASA: årsregnskap 2019 vs 2018

Grew 11% on revenue, cash halved-plus

approved 2020-04-29; registry 2020-05-13; journal 2020 351376

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for CIRCIO HOLDING ASA. Revenue 14.67m NOK → 16.31m NOK (+11.2%). Equity 549.92m NOK → 559.6k NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for CIRCIO HOLDING ASA.

At a glance

Scorecard

Revenue
14.67m NOK 16.31m NOK
+11.2%
Equity
549.92m NOK 559.6k NOK
-99.9%
Cash
141.00m NOK 53.98m NOK
-61.7%
Total assets
577.63m NOK 577.20m NOK
-0.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 14.67m NOK to 16.31m NOK (+11.2% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 549.92m NOK → 559.6k NOK (equity ratio 95.2% → 0.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 141.00m NOK → 53.98m NOK (-61.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (141.00m NOK → 53.98m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 826.39m NOK → 893.2k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 418.8k NOK → 510.0k NOK. Reported fact