1 SAX AS: årsregnskap 2019 vs 2018
Shrank 49% on revenue, stronger earnings
approved 2020-06-30; registry 2020-09-30; journal 2020 886496
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 1 SAX AS. Revenue 177.5k NOK → 90.0k NOK (-49.3%). Net result +10.7k NOK → +28.9k NOK. Equity -60.9k NOK → -89.8k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1 SAX AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +10.7k NOK → +28.9k NOK (net margin 6.0% → 32.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 177.5k NOK to 90.0k NOK (-49.3% YoY). Calculated
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↓
Operating result weakened
Operating result +68.0k NOK → +8 731 NOK (op. margin 38.3% → 9.7%). Calculated
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↓
Equity eroded
Book equity -60.9k NOK → -89.8k NOK (equity ratio -2.8% → -4.3%). Calculated
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↓
Cash fell
Bank deposits 261.9k NOK → 206.2k NOK (-21.3% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 33.7k NOK → 61.8k NOK (+83.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation