IDEX BIOMETRICS ASA: årsregnskap 2020 vs 2019
Shrank 97% on revenue, stronger earnings, cash halved-plus
approved 2021-05-12; registry 2021-10-20; journal 2021 833890
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for IDEX BIOMETRICS ASA. Revenue 3.79m NOK → 95.0k NOK (-97.5%). Net result -296.51m NOK → -17.24m NOK. Equity 140.3k NOK → 20.58m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for IDEX BIOMETRICS ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -33.69m NOK → -17.11m NOK (op. margin -888.6% → -18008.4%). Calculated
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Net result improved
Net result -296.51m NOK → -17.24m NOK (net margin -7821.6% → -18144.2%). Calculated
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Equity strengthened
Book equity 140.3k NOK → 20.58m NOK (equity ratio 70.3% → 82.1%). Calculated
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Payroll decreased
Salary cost 37.05m NOK → 2.83m NOK (977% → 2980% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.79m NOK to 95.0k NOK (-97.5% YoY). Calculated
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Cash fell
Bank deposits 104.18m NOK → 5.41m NOK (-94.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (104.18m NOK → 5.41m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 1.69bn NOK → 39.52m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 547.0k NOK → 275.0k NOK (-49.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 42.56m NOK → 2.81m NOK. Reported fact