TECHSTEP ASA: årsregnskap 2019 vs 2018
Shrank 56% on revenue, cash halved-plus, fresh owner capital
approved 2020-03-19; registry 2020-07-16; journal 2020 587852
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for TECHSTEP ASA. Revenue 10.50m NOK → 4.64m NOK (-55.8%). Equity 572.0k NOK → 453.87m NOK.
On the constructive side: equity strengthened; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for TECHSTEP ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 572.0k NOK → 453.87m NOK (equity ratio 87.2% → 85.8%). Calculated
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↑
Owners injected capital
Paid-in equity rose 572.0k NOK → 453.87m NOK (+453.29m NOK). Reported fact
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↑
Payroll decreased
Salary cost 21.04m NOK → 16.71m NOK (200% → 360% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.50m NOK to 4.64m NOK (-55.8% YoY). Calculated
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↓
Operating result weakened
Operating result +22.36m NOK → -80.19m NOK (op. margin 213.0% → -1729.8%). Calculated
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↓
Cash fell
Bank deposits 7.98m NOK → 1.67m NOK (-79.0% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 769.7k NOK → 852.7k NOK (+10.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (7.98m NOK → 1.67m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 507.6k NOK → 506.57m NOK. Reported fact