2 KNOP AS: årsregnskap 2019 vs 2018
Slipped into loss
approved 2020-06-05; registry 2020-08-31; journal 2020 720111
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2 KNOP AS. Revenue 477.8k NOK → 500.3k NOK (+4.7%). Net result +33.1k NOK → -18.6k NOK. Equity -3 144 NOK → -21.7k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 2 KNOP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 477.8k NOK to 500.3k NOK (+4.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio -14.78× → 24.96×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +39.1k NOK → -18.8k NOK (op. margin 8.2% → -3.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 33.1k NOK profit to a loss of 18.6k NOK. Calculated
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↓
Equity eroded
Book equity -3 144 NOK → -21.7k NOK (equity ratio -7.0% → -78.7%). Calculated
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↓
Cash fell
Bank deposits 31.8k NOK → 16.9k NOK (-46.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -78.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 23.3k NOK → 93.0k NOK (5% → 19% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 203.0k NOK → 216.4k NOK (+6.6% YoY). Calculated