10BLANK AS: årsregnskap 2019 vs 2018
Shrank 87% on revenue, cash halved-plus
approved 2020-05-01; registry 2020-07-06; journal 2020 543097
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 10BLANK AS. Revenue 208.9k NOK → 26.4k NOK (-87.3%). Equity -38.9k NOK → -30.4k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 10BLANK AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -68.9k NOK → +8 545 NOK (op. margin -33.0% → 32.3%). Calculated
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↑
Equity strengthened
Book equity -38.9k NOK → -30.4k NOK (equity ratio -181.7% → -281.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 208.9k NOK to 26.4k NOK (-87.3% YoY). Calculated
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↓
Cash fell
Bank deposits 20.3k NOK → 9 690 NOK (-52.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 9 NOK → 7 193 NOK (0% → 27% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -281.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 17.2k NOK → 899 NOK (-94.8% YoY). Calculated