A&A ENTREPRENØR AS: årsregnskap 2019 vs 2018
Shrank 74% on revenue, stronger earnings, cash halved-plus
approved 2020-03-05; registry 2020-03-16; journal 2020 244586
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A&A ENTREPRENØR AS. Revenue 992.5k NOK → 260.7k NOK (-73.7%). Net result +69.9k NOK → +128.1k NOK. Equity 84.1k NOK → -44.0k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A&A ENTREPRENØR AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +87.1k NOK → +127.8k NOK (op. margin 8.8% → 49.0%). Calculated
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Net result improved
Net result +69.9k NOK → +128.1k NOK (net margin 7.0% → 49.1%). Calculated
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Payroll decreased
Salary cost 1.74m NOK → 1 195 NOK (176% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 992.5k NOK to 260.7k NOK (-73.7% YoY). Calculated
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Equity eroded
Book equity 84.1k NOK → -44.0k NOK (equity ratio 27.8% → -12.3%). Calculated
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Cash fell
Bank deposits 268.2k NOK → 78.6k NOK (-70.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.23× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad 20.9k NOK → 26.7k NOK (+27.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -12.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation