GYLDENDAL ASA: årsregnskap 2019 vs 2018
Cash halved-plus
approved 2020-06-25; registry 2020-08-12; journal 2020 665842
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for GYLDENDAL ASA. Revenue 30.96m NOK → 31.38m NOK (+1.4%). Equity 471.21m NOK → 485.2k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for GYLDENDAL ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 30.96m NOK to 31.38m NOK (+1.4% YoY). Calculated
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↑
Operating result improved
Operating result -33.56m NOK → -33.32m NOK (op. margin -108.4% → -106.2%). Calculated
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↑
Payroll decreased
Salary cost 21.52bn NOK → 19.54m NOK (69506% → 62% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 471.21m NOK → 485.2k NOK (equity ratio 55.5% → 51.4%). Calculated
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↓
Cash fell
Bank deposits 285.02m NOK → 382.6k NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (285.02m NOK → 382.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 632.35m NOK → 709 NOK (-100.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 38.85m NOK → 295.1k NOK. Reported fact