ZELLUNA ASA: årsregnskap 2019 vs 2018
Cash halved-plus, fresh owner capital
approved 2020-04-23; registry 2020-05-30; journal 2020 375780
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ZELLUNA ASA. Net result -50.50m NOK → -56.55m NOK. Equity 161.80m NOK → 451.7k NOK.
On the constructive side: owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ZELLUNA ASA.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 314.9k NOK → 659.5k NOK (+344.6k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -51.75m NOK → -61.60m NOK. Calculated
-
↓
Net result weakened
Net result -50.50m NOK → -56.55m NOK. Calculated
-
↓
Equity eroded
Book equity 161.80m NOK → 451.7k NOK (equity ratio 89945.7% → 95.3%). Calculated
-
↓
Cash fell
Bank deposits 114.54m NOK → 399.6k NOK (-99.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 6.66× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (114.54m NOK → 399.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 55.5k NOK → 61.51m NOK. Reported fact