NORDIC UNMANNED ASA: årsregnskap 2019 vs 2018
Grew 175% on revenue, returned to profit, fresh owner capital
approved 2020-04-07; registry 2020-04-27; journal 2020 309672
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for NORDIC UNMANNED ASA. Revenue 11.42m NOK → 31.36m NOK (+174.7%). Net result -3.37m NOK → +975.8k NOK. Equity 2.85m NOK → 14.45m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for NORDIC UNMANNED ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.42m NOK to 31.36m NOK (+174.7% YoY). Calculated
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Operating result improved
Operating result -5.74m NOK → -1.74m NOK (op. margin -50.3% → -5.6%). Calculated
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Turned profitable
Net result flipped from a loss of 3.37m NOK to a profit of 975.8k NOK. Calculated
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Equity strengthened
Book equity 2.85m NOK → 14.45m NOK (equity ratio 19.5% → 32.4%). Calculated
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↑
Cash rose
Bank deposits 274.4k NOK → 805.3k NOK (+193.5% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.23× → 0.46× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 7.73m NOK → 16.60m NOK (68% → 53% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.66m NOK → 12.74m NOK (+247.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.25m NOK → 12.48m NOK. Reported fact