FirmaIQ
Org.nr 913 102 436 2018 → 2019 Year-over-year analysis

MORROW BATTERIES ASA: årsregnskap 2019 vs 2018

Slipped into loss, cash halved-plus

approved 2020-05-11; registry 2020-08-05; journal 2020 646796

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for MORROW BATTERIES ASA. Net result +4.80m NOK → -15.9k NOK. Equity 1.12m NOK → 1.10m NOK.

On the constructive side: operating result improved. Pressures included: fell into a net loss; equity eroded; cash fell.

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

At a glance

Scorecard

Revenue
n/m 0 NOK
—
Operating result
-9 376 NOK -2 NOK
+100.0%
Net result
+4.80m NOK -15.9k NOK
-100.3%
Equity
1.12m NOK 1.10m NOK
-1.4%
Cash
4.45m NOK 1.11m NOK
-75.1%
Total assets
17.87m NOK 1.11m NOK
-93.8%

What improved

  • ↑

    Operating result improved

    Operating result -9 376 NOK → -2 NOK. Calculated

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 4.80m NOK profit to a loss of 15.9k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.12m NOK → 1.10m NOK (equity ratio 6.3% → 99.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 4.45m NOK → 1.11m NOK (-75.1% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (4.45m NOK → 1.11m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 10.0k NOK → 1 NOK. Reported fact