123 MASKIN AS: årsregnskap 2019 vs 2018
Grew 57840% on revenue, cash halved-plus
approved 2020-09-30; registry 2020-10-17; journal 2020 948689
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 123 MASKIN AS. Revenue 2 788 NOK → 1.62m NOK (+57840.4%). Equity -109.6k NOK → -519.5k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 123 MASKIN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2 788 NOK to 1.62m NOK (+57840.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -109.6k NOK → -519.5k NOK (equity ratio -15.9% → -1608.4%). Calculated
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↓
Cash fell
Bank deposits 311.6k NOK → 31.8k NOK (-89.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1608.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 6 487 NOK → 158.4k NOK (233% → 10% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 308 NOK → 1.31m NOK (+99830.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 250 NOK → 250.2k NOK. Reported fact