A-G MARKISER AS: årsregnskap 2019 vs 2018
Shrank 28% on revenue, stronger earnings, cash halved-plus
approved 2019-12-31; registry 2020-10-01; journal 2020 890164
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A-G MARKISER AS. Revenue 3.84m NOK → 2.78m NOK (-27.7%). Net result +229.3k NOK → +301.2k NOK. Equity -936.8k NOK → -1.24m 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; cogs fell. All figures are taken from the published annual accounts for A-G MARKISER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +229.8k NOK → +299.0k NOK (op. margin 6.0% → 10.8%). Calculated
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Net result improved
Net result +229.3k NOK → +301.2k NOK (net margin 6.0% → 10.8%). Calculated
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Payroll decreased
Salary cost 1.23m NOK → 1.06m NOK (32% → 38% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.84m NOK to 2.78m NOK (-27.7% YoY). Calculated
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Equity eroded
Book equity -936.8k NOK → -1.24m NOK (equity ratio -96.1% → -181.9%). Calculated
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Cash fell
Bank deposits 239.1k NOK → 28.1k NOK (-88.2% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.17× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -181.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 1.84m NOK → 316.9k NOK (-82.7% YoY). Calculated