SCATEC ASA: årsregnskap 2019 vs 2018
Grew 178347% on revenue, slipped into loss, fresh owner capital
approved 2020-03-26; registry 2020-07-27; journal 2020 613893
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for SCATEC ASA. Revenue 1.66m NOK → 2.96bn NOK (+178346.7%). Net result +140.00m NOK → -40.00m NOK. Equity 1.64bn NOK → 3.09bn NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: fell into a net loss; 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 SCATEC ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.66m NOK to 2.96bn NOK (+178346.7% YoY). Calculated
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↑
Equity strengthened
Book equity 1.64bn NOK → 3.09bn NOK (equity ratio 32.4% → 52.2%). Calculated
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↑
Cash rose
Bank deposits 425.0k NOK → 494.0k NOK (+16.2% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 1.80bn NOK → 3.11bn NOK (+1.31bn NOK). Reported fact
What deteriorated
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↓
Fell into a net loss
Net result flipped from 140.00m NOK profit to a loss of 40.00m NOK. Calculated
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↓
Current ratio dropped below 1×
Current ratio 925.51× → 0.66× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 90.00m NOK → 4.10bn NOK (5418% → 138% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 10.45m NOK → 2.65bn NOK (+25297.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3.50bn NOK → 4.68bn NOK. Reported fact