A.K.BYGG AS: årsregnskap 2019 vs 2018
Shrank 88% on revenue, returned to profit, cash halved-plus
approved 2020-04-14; registry 2020-04-21; journal 2020 301255
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A.K.BYGG AS. Revenue 466.3k NOK → 56.8k NOK (-87.8%). Net result -134.0k NOK → +137.2k NOK. Equity -104.0k NOK → 33.2k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A.K.BYGG AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -171.8k NOK → +178.7k NOK (op. margin -36.8% → 314.7%). Calculated
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Turned profitable
Net result flipped from a loss of 134.0k NOK to a profit of 137.2k NOK. Calculated
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Equity strengthened
Book equity -104.0k NOK → 33.2k NOK (equity ratio -51.2% → 4.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 466.3k NOK to 56.8k NOK (-87.8% YoY). Calculated
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Cash fell
Bank deposits 41.3k NOK → 14.6k NOK (-64.6% YoY). Calculated
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Payroll up without matching revenue
Salary cost 5 582 NOK → 3.30m NOK (1% → 5805% of revenue). Calculated
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COGS moved
COGS / varekostnad 15.0k NOK → 4.09m NOK (+27119.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 5 908 NOK → 20.0k NOK. Reported fact