A. ØRSTAVIK AS: årsregnskap 2019 vs 2018
Shrank 70% on revenue
approved 2020-03-31; registry 2020-04-02; journal 2020 272648
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A. ØRSTAVIK AS. Revenue 1.26m NOK → 370.6k NOK (-70.5%). Net result +152.4k NOK → +137.4k NOK. Equity 16.4k NOK → 153.8k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 16.4k NOK → 153.8k NOK (equity ratio 2.4% → 16.9%). Calculated
-
↑
Cash rose
Bank deposits 43.3k NOK → 89.0k NOK (+105.4% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.26m NOK to 370.6k NOK (-70.5% YoY). Calculated
-
↓
Operating result weakened
Operating result +160.0k NOK → +141.0k NOK (op. margin 12.7% → 38.0%). Calculated
-
↓
Net result weakened
Net result +152.4k NOK → +137.4k NOK (net margin 12.1% → 37.1%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.12× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
COGS moved
COGS / varekostnad 1.02m NOK → 1.11m NOK (+9.1% YoY). Calculated