A. HESSELBERG AS: årsregnskap 2019 vs 2018
Shrank 16% on revenue, slipped into loss
approved 2020-05-18; registry 2020-05-30; journal 2020 405285
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A. HESSELBERG AS. Revenue 3.63m NOK → 3.04m NOK (-16.4%). Net result +1 121 NOK → -422.1k NOK. Equity 58.3k NOK → -363.9k NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A. HESSELBERG AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 199.7k NOK → 214.7k NOK (+7.5% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.79× → 2.50×. Calculated
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Payroll decreased
Salary cost 2.43m NOK → 2.38m NOK (67% → 78% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.63m NOK to 3.04m NOK (-16.4% YoY). Calculated
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Operating result weakened
Operating result -3 525 NOK → -452.7k NOK (op. margin -0.1% → -14.9%). Calculated
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Fell into a net loss
Net result flipped from 1 121 NOK profit to a loss of 422.1k NOK. Calculated
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Equity eroded
Book equity 58.3k NOK → -363.9k NOK (equity ratio 2.4% → -17.0%). Calculated
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COGS moved
COGS / varekostnad 109 NOK → 60.05m NOK (+55092660.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -17.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation