A OK AS: årsregnskap 2019 vs 2018
Shrank 10% on revenue, returned to profit, fresh owner capital
approved 2020-04-22; registry 2020-04-25; journal 2020 308554
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A OK AS. Revenue 723.9k NOK → 652.3k NOK (-9.9%). Net result -91.6k NOK → +1.02m NOK. Equity 977.4k NOK → 1 361 NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A OK AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +20.2k NOK → +1.55m NOK (op. margin 2.8% → 237.0%). Calculated
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Turned profitable
Net result flipped from a loss of 91.6k NOK to a profit of 1.02m NOK. Calculated
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Cash rose
Bank deposits 1 252 NOK → 637.8k NOK (+50842.7% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.16× → 3.88×. Calculated
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Owners injected capital
Paid-in equity rose 970 NOK → 3.97m NOK (+3.97m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 723.9k NOK to 652.3k NOK (-9.9% YoY). Calculated
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↓
Equity eroded
Book equity 977.4k NOK → 1 361 NOK (equity ratio 27.4% → 0.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost -4 987 NOK → 40.7k NOK (-1% → 6% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 117.2k NOK → 751.8k NOK (+541.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation