NEXT BIOMETRICS GROUP ASA: årsregnskap 2018 vs 2017
Shrank 90% on revenue, cash halved-plus
approved 2019-05-21; registry 2019-06-13; journal 2019 414674
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for NEXT BIOMETRICS GROUP ASA. Revenue 98.16m NOK → 10.28m NOK (-89.5%). Equity 747.93m NOK → 544.00m NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NEXT BIOMETRICS GROUP ASA.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 98.16m NOK to 10.28m NOK (-89.5% YoY). Calculated
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Equity eroded
Book equity 747.93m NOK → 544.00m NOK (equity ratio 99.2% → 99.1%). Calculated
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Cash fell
Bank deposits 70.08m NOK → 22.16m NOK (-68.4% YoY). Calculated
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Payroll up without matching revenue
Salary cost 11.81m NOK → 12.71m NOK (12% → 124% of revenue). Calculated
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COGS moved
COGS / varekostnad 104 NOK → 77.61m NOK (+74626574.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (70.08m NOK → 22.16m 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 747.93m NOK → 544.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 676.68m NOK → 519.97m NOK. Reported fact