GELATO ASA: årsregnskap 2019 vs 2018
Grew 27% on revenue, slipped into loss, fresh owner capital
approved 2020-06-19; registry 2020-08-10; journal 2020 644807
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for GELATO ASA. Revenue 392.01m NOK → 499.20m NOK (+27.3%). Net result +3.04m NOK → -123.57m NOK. Equity 66.04m NOK → 152.61m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; fell into a net loss.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for GELATO ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 392.01m NOK to 499.20m NOK (+27.3% YoY). Calculated
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↑
Equity strengthened
Book equity 66.04m NOK → 152.61m NOK (equity ratio 32.6% → 51.6%). Calculated
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↑
Cash rose
Bank deposits 103.20m NOK → 139.88m NOK (+35.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.88× → 1.12×. Calculated
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↑
Owners injected capital
Paid-in equity rose 236 NOK → 446.98m NOK (+446.98m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -103.29m NOK → -156.76m NOK (op. margin -26.3% → -31.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 3.04m NOK profit to a loss of 123.57m NOK. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 14.13bn NOK → 14.19bn NOK (+0.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 4.07m NOK → 15.86m NOK. Reported fact