FirmaIQ
Org.nr 992 718 196 2018 → 2019 Year-over-year analysis

NORBIT ASA: årsregnskap 2019 vs 2018

Shrank 10% on revenue, stronger earnings, cash halved-plus

approved 2020-03-16; registry 2020-08-18; journal 2020 679906

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for NORBIT ASA. Revenue 20.10m NOK → 18.07m NOK (-10.1%). Net result +47.67m NOK → +77.26m NOK. Equity 140.14m NOK → 405.3k NOK.

On the constructive side: net result improved; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for NORBIT ASA.

At a glance

Scorecard

Revenue
20.10m NOK 18.07m NOK
-10.1%
Operating result
n/m -31.95m NOK
—
Net result
+47.67m NOK +77.26m NOK
+62.1%
Equity
140.14m NOK 405.3k NOK
-99.7%
Cash
492.4k NOK 11.2k NOK
-97.7%
Total assets
335.47m NOK 574.6k NOK
-99.8%

What improved

  • ↑

    Net result improved

    Net result +47.67m NOK → +77.26m NOK (net margin 237.2% → 427.5%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 44.25m NOK → 281.11m NOK (+236.86m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 20.10m NOK to 18.07m NOK (-10.1% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 140.14m NOK → 405.3k NOK (equity ratio 41.8% → 70.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 492.4k NOK → 11.2k NOK (-97.7% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 4.52m NOK → 4 515 NOK (-99.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 4 344 NOK → 344.0k NOK. Reported fact