FirmaIQ
Org.nr 919 139 420 2018 → 2019 Year-over-year analysis

4SUBSEA ASTORI AS: årsregnskap 2019 vs 2018

Grew 229% on revenue

approved 2020-08-28; registry 2020-09-12; journal 2020 800727

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 4SUBSEA ASTORI AS. Revenue 10.16m NOK → 33.39m NOK (+228.5%). Equity 651.5k NOK → 380.3k NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 4SUBSEA ASTORI AS.

At a glance

Scorecard

Revenue
10.16m NOK 33.39m NOK
+228.5%
Operating result
+3.85m NOK +12.47m NOK
+223.7%
Net result
n/m +9.73m NOK
—
Equity
651.5k NOK 380.3k NOK
-41.6%
Cash
3.81m NOK 7.59m NOK
+99.4%
Total assets
12.00m NOK 15.16m NOK
+26.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 10.16m NOK to 33.39m NOK (+228.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3.85m NOK → +12.47m NOK (op. margin 37.9% → 37.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.81m NOK → 7.59m NOK (+99.4% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 651.5k NOK → 380.3k NOK (equity ratio 5.4% → 2.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 2.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 2.89m NOK → 5.62m NOK (28% → 17% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 649.2k NOK → 12.79m NOK (+1869.6% YoY). Calculated