GOODTECH ASA: årsregnskap 2018 vs 2017
Grew 6% on revenue, weaker earnings, fresh owner capital
approved 2019-04-25; registry 2019-06-22; journal 2019 490677
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for GOODTECH ASA. Revenue 6.64m NOK → 7.02m NOK (+5.6%). Net result -9.22m NOK → -61.74m NOK. Equity 267.39m NOK → 252.64m NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: net result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for GOODTECH ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.64m NOK to 7.02m NOK (+5.6% YoY). Calculated
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↑
Cash rose
Bank deposits 28.89m NOK → 37.26m NOK (+29.0% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 435.0k NOK → 24.43m NOK (+24.00m NOK). Reported fact
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↑
Payroll decreased
Salary cost 10.73m NOK → 7.92m NOK (162% → 113% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result -9.22m NOK → -61.74m NOK (net margin -138.8% → -879.7%). Calculated
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↓
Equity eroded
Book equity 267.39m NOK → 252.64m NOK (equity ratio 96.0% → 82397.7%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 13.34m NOK → 5.28m NOK (-60.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 189.10m NOK → 179.17m NOK. Reported fact