Org.nr 998 076 803 2018 → 2019 Year-over-year analysis

A. JENSEN AS: årsregnskap 2019 vs 2018

Another loss-making year

approved 2020-06-17; registry 2020-06-24; journal 2020 482950

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for A. JENSEN AS. Revenue 3.22m NOK → 3.23m NOK (+0.2%). Equity 970.6k NOK → -111.5k NOK.

On the constructive side: revenue rose; current ratio back above 1×. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A. JENSEN AS.

At a glance

Revenue

3.22m NOK 3.23m NOK

+0.2%

Operating result

n/m -1.11m NOK

—

Net result

n/m -1.08m NOK

—

Equity

970.6k NOK -111.5k NOK

-111.5%

Cash

1.41m NOK 1.21m NOK

-14.1%

Total assets

5.62m NOK 4.70m NOK

-16.3%

↑
Revenue rose

Operating income / revenue moved from 3.22m NOK to 3.23m NOK (+0.2% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.48× → 2.57×. Calculated

↓
Equity eroded

Book equity 970.6k NOK → -111.5k NOK (equity ratio 17.3% → -2.4%). Calculated
↓
Cash fell

Bank deposits 1.41m NOK → 1.21m NOK (-14.1% YoY). Calculated

·
Thin equity buffer

Equity ratio is -2.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 390.5k NOK → 683.1k NOK (12% → 21% of revenue). Calculated
·
COGS moved

COGS / varekostnad 28.1k NOK → 48.1k NOK (+71.1% YoY). Calculated