KONGSBERG AUTOMOTIVE ASA: årsregnskap 2019 vs 2018
Stronger earnings, cash halved-plus
approved 2020-06-30; registry 2020-07-18; journal 2020 591649
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for KONGSBERG AUTOMOTIVE ASA. Revenue 10.10m NOK → 10.50m NOK (+4.0%). Net result +23.80m NOK → +28.80m NOK. Equity 349.0k NOK → 366.1k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for KONGSBERG AUTOMOTIVE ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 10.10m NOK to 10.50m NOK (+4.0% YoY). Calculated
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Net result improved
Net result +23.80m NOK → +28.80m NOK (net margin 235.6% → 274.3%). Calculated
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Equity strengthened
Book equity 349.0k NOK → 366.1k NOK (equity ratio 49.1% → 48.7%). Calculated
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Current ratio back above 1×
Current ratio 0.45× → 4.09×. Calculated
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Owners injected capital
Paid-in equity rose 228.3k NOK → 230.3k NOK (+2 000 NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 12.00m NOK → 0 NOK (-100.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (12.00m NOK → 0 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 676.0k NOK → 720.2k NOK. Reported fact