FirmaIQ
Org.nr 996 819 884 2018 → 2019 Year-over-year analysis

SOILTECH ASA: årsregnskap 2019 vs 2018

Grew 23% on revenue

approved 2020-03-30; registry 2020-06-16; journal 2020 445266

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for SOILTECH ASA. Revenue 53.14m NOK → 65.36m NOK (+23.0%). Equity 87.09m NOK → 89.78m NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for SOILTECH ASA.

At a glance

Scorecard

Revenue
53.14m NOK 65.36m NOK
+23.0%
Operating result
n/m +4.30m NOK
—
Net result
n/m +2.69m NOK
—
Equity
87.09m NOK 89.78m NOK
+3.1%
Cash
53.25m NOK 27.11m NOK
-49.1%
Total assets
128.74m NOK 136.60m NOK
+6.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 53.14m NOK to 65.36m NOK (+23.0% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 87.09m NOK → 89.78m NOK (equity ratio 67.6% → 65.7%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 53.25m NOK → 27.11m NOK (-49.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 10.63m NOK → 12.84m NOK (20% → 20% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 20.38m NOK → 30.98m NOK (+52.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 948.9k NOK → 854.8k NOK. Reported fact