A COSTA SAKS AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-04-27; registry 2020-06-29; journal 2020 505657
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A COSTA SAKS AS. Revenue 2.34m NOK → 2.23m NOK (-4.9%). Equity 55.9k NOK → -55.0k NOK.
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 COSTA SAKS AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.34m NOK to 2.23m NOK (-4.9% YoY). Calculated
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↓
Equity eroded
Book equity 55.9k NOK → -55.0k NOK (equity ratio 13.1% → -19.9%). Calculated
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↓
Cash fell
Bank deposits 216.3k NOK → 163.0k NOK (-24.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.15× → 0.83× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 1.43m NOK → 1.45m NOK (61% → 65% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -19.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation