CLOUDBERRY CLEAN ENERGY ASA: årsregnskap 2019 vs 2018
Grew 12% on revenue, weaker earnings
approved 2020-02-14; registry 2020-02-24; journal 2020 216308
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for CLOUDBERRY CLEAN ENERGY ASA. Revenue 250.0k NOK → 279.4k NOK (+11.8%). Net result -2 062 NOK → -2.61m NOK. Equity -562.2k NOK → 4.83m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for CLOUDBERRY CLEAN ENERGY ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 250.0k NOK to 279.4k NOK (+11.8% YoY). Calculated
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↑
Equity strengthened
Book equity -562.2k NOK → 4.83m NOK (equity ratio -205.9% → 1590.4%). Calculated
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↑
Cash rose
Bank deposits 128.8k NOK → 223.1k NOK (+73.2% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -2 062 NOK → -2.61m NOK (net margin -0.8% → -933.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 633 NOK → 1.98m NOK (1% → 709% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 41.1k NOK → 27.5k NOK (-33.0% YoY). Calculated