GOODTECH ASA: årsregnskap 2019 vs 2018
Shrank 65% on revenue, stronger earnings
approved 2020-04-16; registry 2020-07-01; journal 2020 509513
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for GOODTECH ASA. Revenue 7.02m NOK → 2.49m NOK (-64.6%). Net result -61.74m NOK → -18.60m NOK. Equity 252.64m NOK → 234.81m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: paid-in equity reduced; 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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Net result improved
Net result -61.74m NOK → -18.60m NOK (net margin -879.7% → -748.0%). Calculated
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Payroll decreased
Salary cost 7.92m NOK → 4.55m NOK (113% → 183% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 7.02m NOK to 2.49m NOK (-64.6% YoY). Calculated
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Equity eroded
Book equity 252.64m NOK → 234.81m NOK (equity ratio 82397.7% → 76.9%). Calculated
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Cash fell
Bank deposits 37.26m NOK → 33.82m NOK (-9.2% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 24.43m NOK → 435.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 5.28m NOK → 5.15m NOK (-2.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 179.17m NOK → 188.9k NOK. Reported fact