A.M. VIK & CO AS: årsregnskap 2019 vs 2018
Shrank 98% on revenue, slipped into loss, cash halved-plus
approved 2020-07-06; registry 2020-07-29; journal 2020 622831
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A.M. VIK & CO AS. Revenue 815.9k NOK → 20.0k NOK (-97.5%). Net result +19.3k NOK → -26.6k NOK. Equity 12.19m NOK → 13.16m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 12.19m NOK → 13.16m NOK (equity ratio 1536.4% → 1930.7%). Calculated
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↑
Payroll decreased
Salary cost 3.73m NOK → 3 NOK (457% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 815.9k NOK to 20.0k NOK (-97.5% YoY). Calculated
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↓
Operating result weakened
Operating result +25.1k NOK → -26.3k NOK (op. margin 3.1% → -131.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 19.3k NOK profit to a loss of 26.6k NOK. Calculated
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↓
Cash fell
Bank deposits 209.3k NOK → 64.2k NOK (-69.3% YoY). Calculated