A BIRKELAND TRAPPESNEKKERI AS: årsregnskap 2019 vs 2018
Shrank 40% on revenue, stronger earnings, cash halved-plus
approved 2020-08-24; registry 2020-09-12; journal 2020 803229
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A BIRKELAND TRAPPESNEKKERI AS. Revenue 1.25m NOK → 749.4k NOK (-40.2%). Net result +22.7k NOK → +302.1k NOK. Equity 342.8k NOK → 40.8k NOK.
On the constructive side: net result improved; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A BIRKELAND TRAPPESNEKKERI AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +22.7k NOK → +302.1k NOK (net margin 1.8% → 40.3%). Calculated
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Current ratio back above 1×
Current ratio 0.62× → 1.59×. Calculated
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Payroll decreased
Salary cost 731.1k NOK → 560.6k NOK (58% → 75% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.25m NOK to 749.4k NOK (-40.2% YoY). Calculated
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↓
Operating result weakened
Operating result +19.2k NOK → -144.8k NOK (op. margin 1.5% → -19.3%). Calculated
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↓
Equity eroded
Book equity 342.8k NOK → 40.8k NOK (equity ratio 36.0% → 7.8%). Calculated
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Cash fell
Bank deposits 205.4k NOK → 42.0k NOK (-79.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 264.8k NOK → 146.4k NOK (-44.7% YoY). Calculated