Org.nr 998 332 354 2018 → 2019 Year-over-year analysis

24 RENHOLDSERVICE AS: årsregnskap 2019 vs 2018

A steady year on the published lines

approved 2020-05-06; registry 2020-05-11; journal 2020 343418

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 24 RENHOLDSERVICE AS. Revenue 4.84m NOK → 4.72m NOK (-2.5%). Equity 2.56m NOK → 31.1k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 24 RENHOLDSERVICE AS.

At a glance

Revenue

4.84m NOK 4.72m NOK

-2.5%

Operating result

n/m +779.1k NOK

—

Net result

n/m +590.9k NOK

—

Equity

2.56m NOK 31.1k NOK

-98.8%

Cash

2.04m NOK 3.03m NOK

+48.8%

Total assets

3.79m NOK 4.64m NOK

+22.4%

↓
Revenue fell

Operating income / revenue moved from 4.84m NOK to 4.72m NOK (-2.5% YoY). Calculated
↓
Equity eroded

Book equity 2.56m NOK → 31.1k NOK (equity ratio 67.4% → 0.7%). Calculated
↓
Current ratio dropped below 1×

Current ratio 654.01× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 3.15m NOK → 3.19m NOK (65% → 68% of revenue). Calculated

·
Thin equity buffer

Equity ratio is 0.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 352.2k NOK → 52.9k NOK (-85.0% YoY). Calculated