A. KELLNERS BLOMSTER AS: årsregnskap 2019 vs 2018
Slipped into loss, cash halved-plus
approved 2020-06-05; registry 2020-06-16; journal 2020 439997
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A. KELLNERS BLOMSTER AS. Revenue 3.84m NOK → 3.73m NOK (-2.8%). Net result +159.9k NOK → -541.3k NOK. Equity -30.4k NOK → -571.7k NOK.
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. KELLNERS BLOMSTER AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.84m NOK to 3.73m NOK (-2.8% YoY). Calculated
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Operating result weakened
Operating result +187.2k NOK → -392.8k NOK (op. margin 4.9% → -10.5%). Calculated
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Fell into a net loss
Net result flipped from 159.9k NOK profit to a loss of 541.3k NOK. Calculated
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Equity eroded
Book equity -30.4k NOK → -571.7k NOK (equity ratio -16.1% → -60.2%). Calculated
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Cash fell
Bank deposits 34.6k NOK → 3 476 NOK (-89.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -60.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation