GRIEG SEAFOOD ASA: årsregnskap 2019 vs 2018
Grew 10% on revenue, weaker earnings
approved 2020-05-14; registry 2020-07-13; journal 2020 570271
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for GRIEG SEAFOOD ASA. Revenue 72.14m NOK → 79.26m NOK (+9.9%). Net result +972.50m NOK → +619.51m NOK. Equity 1.31bn NOK → 1.76bn NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for GRIEG SEAFOOD ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 72.14m NOK to 79.26m NOK (+9.9% YoY). Calculated
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↑
Equity strengthened
Book equity 1.31bn NOK → 1.76bn NOK (equity ratio 41.2% → 45.1%). Calculated
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↑
Cash rose
Bank deposits 5.79m NOK → 6.39m NOK (+10.4% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +972.50m NOK → +619.51m NOK (net margin 1348.2% → 781.6%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 455.61m NOK → 481.4k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 56.65m NOK → 61.19m NOK (79% → 77% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.85bn NOK → 4.18bn NOK (+8.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 676.0k NOK → 10.7k NOK. Reported fact