HYDROGENPRO ASA: årsregnskap 2019 vs 2018
Grew 209636575% on revenue, fresh owner capital
approved 2020-08-28; registry 2020-09-19; journal 2020 832608
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for HYDROGENPRO ASA. Revenue 12 NOK → 25.16m NOK (+209636575.0%). Equity -13.97m NOK → -15.54m NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for HYDROGENPRO ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 12 NOK to 25.16m NOK (+209636575.0% YoY). Calculated
-
↑
Cash rose
Bank deposits 730.5k NOK → 9.99m NOK (+1268.0% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 30.0k NOK → 11.33m NOK (+11.30m NOK). Reported fact
What deteriorated
-
↓
Operating result weakened
Operating result -7.60m NOK → -14.61m NOK (op. margin -63297383.3% → -58.1%). Calculated
-
↓
Equity eroded
Book equity -13.97m NOK → -15.54m NOK (equity ratio -94.5% → -57.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.24× → 0.69× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 5.01m NOK → 7.71m NOK (41765733% → 31% of revenue). Calculated