NORGESGRUPPEN ASA: årsregnskap 2019 vs 2018
Shrank 100% on revenue, cash halved-plus
approved 2020-05-07; registry 2020-07-21; journal 2020 595772
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for NORGESGRUPPEN ASA. Revenue 280.43m NOK → 478.9k NOK (-99.8%). Net result +2.39bn NOK → +2.43bn NOK. Equity 11.97bn NOK → 12.62bn NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORGESGRUPPEN ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 11.97bn NOK → 12.62bn NOK (equity ratio 41.0% → 41.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 280.43m NOK to 478.9k NOK (-99.8% YoY). Calculated
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↓
Cash fell
Bank deposits 22.99m NOK → 6.53m NOK (-71.6% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 65.15bn NOK → 66.71bn NOK (+2.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (22.99m NOK → 6.53m 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 1.83bn NOK → 1.82bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 1.73m NOK → 726.0k NOK. Reported fact