59'NORD OMSORG OG SERVICE AS: årsregnskap 2019 vs 2018
Shrank 97% on revenue, returned to profit, cash halved-plus
approved 2019-12-31; registry 2020-04-28; journal 2020 314159
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 59'NORD OMSORG OG SERVICE AS. Revenue 607.2k NOK → 20.8k NOK (-96.6%). Net result -28.9k NOK → +17.6k NOK. Equity -51.1k NOK → -33.5k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 59'NORD OMSORG OG SERVICE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -25.2k NOK → +19.6k NOK (op. margin -4.2% → 94.2%). Calculated
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Turned profitable
Net result flipped from a loss of 28.9k NOK to a profit of 17.6k NOK. Calculated
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Equity strengthened
Book equity -51.1k NOK → -33.5k NOK (equity ratio -102.6% → -6894.9%). Calculated
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Payroll decreased
Salary cost 3.35m NOK → 3 NOK (551% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 607.2k NOK to 20.8k NOK (-96.6% YoY). Calculated
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↓
Cash fell
Bank deposits 8 907 NOK → -441 NOK (-105.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6894.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 123.6k NOK → 22.3k NOK (-82.0% YoY). Calculated