2KN RØR-SERVICE AS: årsregnskap 2019 vs 2018
Grew 82% on revenue, stronger earnings
approved 2020-10-06; registry 2020-10-21; journal 2020 958831
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2KN RØR-SERVICE AS. Revenue 3.35m NOK → 6.09m NOK (+81.7%). Net result +70.3k NOK → +207.3k NOK. Equity 206.3k NOK → -931 NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 2KN RØR-SERVICE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.35m NOK to 6.09m NOK (+81.7% YoY). Calculated
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Net result improved
Net result +70.3k NOK → +207.3k NOK (net margin 2.1% → 3.4%). Calculated
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Cash rose
Bank deposits 425.2k NOK → 952.4k NOK (+124.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +113.3k NOK → +91.7k NOK (op. margin 3.4% → 1.5%). Calculated
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↓
Equity eroded
Book equity 206.3k NOK → -931 NOK (equity ratio 31.0% → -0.0%). Calculated
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Current ratio dropped below 1×
Current ratio 1.39× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.62m NOK → 4.18m NOK (48% → 69% of revenue). Calculated