A. KIELLANDS GATE 43 AS: årsregnskap 2019 vs 2018
Shrank 16% on revenue, cash halved-plus
approved 2020-02-13; registry 2020-02-17; journal 2020 210591
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A. KIELLANDS GATE 43 AS. Revenue 832.4k NOK → 700.1k NOK (-15.9%). Net result +169.0k NOK → +167.4k NOK. Equity -227.2k NOK → -394.6k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A. KIELLANDS GATE 43 AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +100.6k NOK → +149.3k NOK (op. margin 12.1% → 21.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 832.4k NOK to 700.1k NOK (-15.9% YoY). Calculated
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↓
Equity eroded
Book equity -227.2k NOK → -394.6k NOK (equity ratio -2.1% → -3.9%). Calculated
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↓
Cash fell
Bank deposits 504.3k NOK → 166.0k NOK (-67.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 33.5k NOK → 10.6k NOK (-68.4% YoY). Calculated