Org.nr 918 709 355 2018 → 2019 Year-over-year analysis

EGW HOLDING AS: årsregnskap 2019 vs 2018

Weaker earnings, cash halved-plus

approved 2020-07-08; registry 2020-07-16; journal 2020 600577

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for EGW HOLDING AS. Net result -2 513 NOK → -21.2k NOK. Equity 21.9k NOK → 727 NOK.

Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for EGW HOLDING AS.

At a glance

Revenue

n/m 0 NOK

—

Operating result

-2 516 NOK -6 328 NOK

-151.5%

Net result

-2 513 NOK -21.2k NOK

-743.0%

Equity

21.9k NOK 727 NOK

-96.7%

Cash

10.3k NOK 3 502 NOK

-66.1%

Total assets

170.2k NOK 219.9k NOK

+29.2%

↓
Operating result weakened

Operating result -2 516 NOK → -6 328 NOK. Calculated
↓
Net result weakened

Net result -2 513 NOK → -21.2k NOK. Calculated
↓
Equity eroded

Book equity 21.9k NOK → 727 NOK (equity ratio 12.9% → 0.3%). Calculated
↓
Cash fell

Bank deposits 10.3k NOK → 3 502 NOK (-66.1% YoY). Calculated

·
Thin equity buffer

Equity ratio is 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Book investments changed

Investment / intangible book value 21.9k NOK → 75.9k NOK. Reported fact