100% MALING AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-09-07; registry 2020-09-15; journal 2020 814620
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 100% MALING AS. Revenue 232.8k NOK → 231.3k NOK (-0.6%). Equity 46.2k NOK → 23.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 100% MALING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 49.6k NOK → 237.7k NOK (+378.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 232.8k NOK to 231.3k NOK (-0.6% YoY). Calculated
-
↓
Equity eroded
Book equity 46.2k NOK → 23.8k NOK (equity ratio 19.7% → 6.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.25× → 1.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 124.2k NOK → 645.5k NOK (53% → 279% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 32.4k NOK → 357.9k NOK (+1005.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation