NEXT BIOMETRICS GROUP ASA: årsregnskap 2020 vs 2019
Shrank 6% on revenue, stronger earnings
approved 2021-05-12; registry 2021-06-29; journal 2021 407974
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for NEXT BIOMETRICS GROUP ASA. Revenue 9.54m NOK → 8.96m NOK (-6.1%). Net result -571.17m NOK → -20.31m NOK. Equity 154.47m NOK → 195.2k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
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 -164.58m NOK → -18.20m NOK (op. margin -1724.3% → -203.1%). Calculated
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Net result improved
Net result -571.17m NOK → -20.31m NOK (net margin -5984.0% → -226.5%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 9.54m NOK to 8.96m NOK (-6.1% YoY). Calculated
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Equity eroded
Book equity 154.47m NOK → 195.2k NOK (equity ratio 95.2% → 96.9%). Calculated
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Cash fell
Bank deposits 46.70m NOK → 43.33m NOK (-7.2% YoY). Calculated
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Payroll up without matching revenue
Salary cost 15.58m NOK → 17.05m NOK (163% → 190% of revenue). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 154.47m NOK → 195.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 63.87m NOK → 49.39m NOK (-22.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 107.82m NOK → 151.8k NOK. Reported fact