GOODTECH ASA: årsregnskap 2020 vs 2019
Returned to profit
approved 2021-04-28; registry 2021-08-09; journal 2021 591198
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for GOODTECH ASA. Revenue 2.49m NOK → 2.50m NOK (+0.8%). Net result -18.60m NOK → +2.81m NOK. Equity 234.81m NOK → 282.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved; 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 2.49m NOK to 2.50m NOK (+0.8% YoY). Calculated
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↑
Operating result improved
Operating result -8.25m NOK → -6.29m NOK (op. margin -331.8% → -251.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 18.60m NOK to a profit of 2.81m NOK. Calculated
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↑
Cash rose
Bank deposits 33.82m NOK → 75.88m NOK (+124.4% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 435.0k NOK → 478.3k NOK (+43.3k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 234.81m NOK → 282.0k NOK (equity ratio 76.9% → 81.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 4.55m NOK → 4.89m NOK (183% → 195% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.15m NOK → 5.21m NOK (+1.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 188.9k NOK → 201.5k NOK. Reported fact