A.IDE AS: årsregnskap 2019 vs 2018
Shrank 81% on revenue, slipped into loss, cash halved-plus
approved 2020-06-30; registry 2020-08-05; journal 2020 649556
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A.IDE AS. Revenue 388.0k NOK → 72.7k NOK (-81.3%). Net result +11.8k NOK → -111.4k NOK. Equity 27.1k NOK → -84.3k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A.IDE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 388.0k NOK to 72.7k NOK (-81.3% YoY). Calculated
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Operating result weakened
Operating result +15.2k NOK → -110.7k NOK (op. margin 3.9% → -152.2%). Calculated
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Fell into a net loss
Net result flipped from 11.8k NOK profit to a loss of 111.4k NOK. Calculated
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Equity eroded
Book equity 27.1k NOK → -84.3k NOK (equity ratio 27.8% → -234.9%). Calculated
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Cash fell
Bank deposits 83.2k NOK → 26.3k NOK (-68.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -234.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 255.5k NOK → 29.9k NOK (-88.3% YoY). Calculated