A.K MASKINSERVICE AS: årsregnskap 2019 vs 2018
Shrank 70% on revenue, weaker earnings
approved 2020-08-26; registry 2020-09-09; journal 2020 778118
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A.K MASKINSERVICE AS. Revenue 194.6k NOK → 57.6k NOK (-70.4%). Net result +45.1k NOK → +13.3k NOK. Equity 7.10m NOK → 118.3k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
194.6k NOK
57.6k NOK
-70.4%
Operating result
n/m
+15.4k NOK
—
Net result
+45.1k NOK
+13.3k NOK
-70.5%
Equity
7.10m NOK
118.3k NOK
-98.3%
Cash
86.9k NOK
100.5k NOK
+15.7%
Total assets
133.2k NOK
140.8k NOK
+5.7%
What improved
-
↑
Cash rose
Bank deposits 86.9k NOK → 100.5k NOK (+15.7% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 194.6k NOK to 57.6k NOK (-70.4% YoY). Calculated
-
↓
Net result weakened
Net result +45.1k NOK → +13.3k NOK (net margin 23.2% → 23.1%). Calculated
-
↓
Equity eroded
Book equity 7.10m NOK → 118.3k NOK (equity ratio 5334.3% → 84.0%). Calculated