911-TJENESTEN AS: årsregnskap 2019 vs 2018
Shrank 32% on revenue, cash halved-plus
approved 2020-06-30; registry 2020-10-03; journal 2020 943050
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 911-TJENESTEN AS. Revenue 444.9k NOK → 301.1k NOK (-32.3%). Equity 808.0k NOK → 63.1k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 911-TJENESTEN AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.08× → 1.18×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 444.9k NOK to 301.1k NOK (-32.3% YoY). Calculated
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↓
Operating result weakened
Operating result +380.4k NOK → +255.9k NOK (op. margin 85.5% → 85.0%). Calculated
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↓
Equity eroded
Book equity 808.0k NOK → 63.1k NOK (equity ratio 72.4% → 5.1%). Calculated
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↓
Cash fell
Bank deposits 3 875 NOK → 177 NOK (-95.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 54.1k NOK → 3 598 NOK (-93.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 434.2k NOK → 375.9k NOK. Reported fact