GELATO ASA: årsregnskap 2020 vs 2019
Grew 26% on revenue, stronger earnings
approved 2021-06-23; registry 2021-10-14; journal 2021 815761
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for GELATO ASA. Revenue 499.20m NOK → 630.55m NOK (+26.3%). Net result -123.57m NOK → -72.07m NOK. Equity 152.61m NOK → 127.98m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
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 499.20m NOK to 630.55m NOK (+26.3% YoY). Calculated
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Operating result improved
Operating result -156.76m NOK → -94.91m NOK (op. margin -31.4% → -15.1%). Calculated
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Net result improved
Net result -123.57m NOK → -72.07m NOK (net margin -24.8% → -11.4%). Calculated
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Cash rose
Bank deposits 139.88m NOK → 142.18m NOK (+1.6% YoY). Calculated
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Owners injected capital
Paid-in equity rose 446.98m NOK → 494.42m NOK (+47.44m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 152.61m NOK → 127.98m NOK (equity ratio 51.6% → 37.6%). Calculated
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Current ratio dropped below 1×
Current ratio 1.12× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 14.19bn NOK → 14.28bn NOK (+0.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 15.86m NOK → 16.92m NOK. Reported fact