NEXT BIOMETRICS GROUP ASA: årsregnskap 2019 vs 2018
Shrank 7% on revenue, weaker earnings
approved 2020-05-12; registry 2020-06-18; journal 2020 448475
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for NEXT BIOMETRICS GROUP ASA. Revenue 10.28m NOK → 9.54m NOK (-7.2%). Net result -330.29m NOK → -571.17m NOK. Equity 544.00m NOK → 154.47m NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for NEXT BIOMETRICS GROUP ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -170.89m NOK → -164.58m NOK (op. margin -1662.3% → -1724.3%). Calculated
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Cash rose
Bank deposits 22.16m NOK → 46.70m NOK (+110.7% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 10.28m NOK to 9.54m NOK (-7.2% YoY). Calculated
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Net result weakened
Net result -330.29m NOK → -571.17m NOK (net margin -3212.8% → -5984.0%). Calculated
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Equity eroded
Book equity 544.00m NOK → 154.47m NOK (equity ratio 99.1% → 95.2%). Calculated
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Payroll up without matching revenue
Salary cost 12.71m NOK → 15.58m NOK (124% → 163% of revenue). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 544.00m NOK → 154.47m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 77.61m NOK → 63.87m NOK (-17.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 519.97m NOK → 107.82m NOK. Reported fact