2020PARK AS: årsregnskap 2019 vs 2018
A steady year on the published lines
approved 2020-02-20; registry 2020-07-25; journal 2020 610393
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2020PARK AS. Revenue 39.22m NOK → 38.30m NOK (-2.3%). Equity 41.76m NOK → 41.75m NOK.
On the constructive side: operating result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 2020PARK AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +14.52m NOK → +14.72m NOK (op. margin 37.0% → 38.4%). Calculated
-
↑
Cash rose
Bank deposits 3.79m NOK → 22.68m NOK (+498.7% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.42× → 2.05×. Calculated
-
↑
Owners injected capital
Paid-in equity rose 35.73m NOK → 41.75m NOK (+6.02m NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 39.22m NOK to 38.30m NOK (-2.3% YoY). Calculated
-
↓
Equity eroded
Book equity 41.76m NOK → 41.75m NOK (equity ratio 7.2% → 7.2%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 2.60m NOK → 2.92m NOK (7% → 8% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 362.58m NOK → 356.34m NOK. Reported fact