FJORD DEFENCE GROUP ASA: årsregnskap 2019 vs 2018
Grew 35718% on revenue, weaker earnings, fresh owner capital
approved 2020-06-30; registry 2020-07-08; journal 2020 552134
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for FJORD DEFENCE GROUP ASA. Revenue 1.71m NOK → 611.77m NOK (+35717.7%). Net result -64.99m NOK → -402.73m NOK. Equity 764.0k NOK → 5.88m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for FJORD DEFENCE GROUP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.71m NOK to 611.77m NOK (+35717.7% YoY). Calculated
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↑
Equity strengthened
Book equity 764.0k NOK → 5.88m NOK (equity ratio 5.1% → 1101.1%). Calculated
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↑
Cash rose
Bank deposits 10.48m NOK → 11.55m NOK (+10.2% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 121.00m NOK → 419.19m NOK (+298.19m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -63.70m NOK → -336.34m NOK (op. margin -3729.7% → -55.0%). Calculated
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↓
Net result weakened
Net result -64.99m NOK → -402.73m NOK (net margin -3805.2% → -65.8%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 41.12m NOK → 4.98bn NOK (+12007.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3.88m NOK → 16.01m NOK. Reported fact