NRC GROUP ASA: årsregnskap 2019 vs 2018
Grew 70% on revenue, slipped into loss, cash halved-plus
approved 2020-05-06; registry 2020-09-12; journal 2020 801929
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for NRC GROUP ASA. Revenue 10.00m NOK → 17.00m NOK (+70.0%). Net result 0 NOK → -72.00m NOK. Equity 1.05m NOK → 10 NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for NRC GROUP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.00m NOK to 17.00m NOK (+70.0% YoY). Calculated
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Owners injected capital
Paid-in equity rose 10 NOK → 1.68bn NOK (+1.68bn NOK). Reported fact
What deteriorated
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↓
Fell into a net loss
Net result flipped from 0 NOK profit to a loss of 72.00m NOK. Calculated
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↓
Equity eroded
Book equity 1.05m NOK → 10 NOK (equity ratio 47.5% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 339.00m NOK → 143.00m NOK (-57.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 28.00m NOK → 34.00m NOK (280% → 200% of revenue). Calculated
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COGS moved
COGS / varekostnad 2.04bn NOK → 3.77bn NOK (+84.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.10bn NOK → 2.68bn NOK. Reported fact