0495 GREFSEN AS: årsregnskap 2019 vs 2018
Grew 6927% on revenue, weaker earnings
approved 2020-05-11; registry 2020-06-10; journal 2020 413240
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 0495 GREFSEN AS. Revenue 213.7k NOK → 15.01m NOK (+6927.3%). Net result +109.6k NOK → +2 844 NOK. Equity 3.20m NOK → 206.8k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 0495 GREFSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 213.7k NOK to 15.01m NOK (+6927.3% YoY). Calculated
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↑
Cash rose
Bank deposits 102.8k NOK → 824.2k NOK (+701.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +140.6k NOK → +9 866 NOK (op. margin 65.8% → 0.1%). Calculated
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↓
Net result weakened
Net result +109.6k NOK → +2 844 NOK (net margin 51.3% → 0.0%). Calculated
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↓
Equity eroded
Book equity 3.20m NOK → 206.8k NOK (equity ratio 15.0% → 0.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 841 NOK → 14.0k NOK (+1561.4% YoY). Calculated