FirmaIQ
Org.nr 943 753 709 2018 → 2019 Year-over-year analysis

KONGSBERG GRUPPEN ASA: årsregnskap 2019 vs 2018

Shrank 9% on revenue, cash halved-plus

approved 2020-05-14; registry 2020-08-22; journal 2020 691062

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for KONGSBERG GRUPPEN ASA. Revenue 182.00m NOK → 166.00m NOK (-8.8%). Net result +701.00m NOK → +700.00m NOK. Equity 7.26bn NOK → 6.80bn NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for KONGSBERG GRUPPEN ASA.

At a glance

Scorecard

Revenue
182.00m NOK 166.00m NOK
-8.8%
Operating result
n/m -126.00m NOK
—
Net result
+701.00m NOK +700.00m NOK
-0.1%
Equity
7.26bn NOK 6.80bn NOK
-6.4%
Cash
6.66bn NOK 289.00m NOK
-95.7%
Total assets
18.58bn NOK 12.29bn NOK
-33.9%

What improved

  • ↑

    Payroll decreased

    Salary cost 128.00m NOK → 152.0k NOK (70% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 182.00m NOK to 166.00m NOK (-8.8% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 7.26bn NOK → 6.80bn NOK (equity ratio 39.1% → 55.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 6.66bn NOK → 289.00m NOK (-95.7% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.17× → 0.36× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (6.66bn NOK → 289.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 10.16bn NOK → 11.51bn NOK. Reported fact