A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi: årsregnskap 2019 vs 2018
Grew 76090% on revenue, weaker earnings, cash halved-plus
approved 2020-05-11; registry 2020-05-25; journal 2020 362442
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi. Revenue 378 NOK → 288.0k NOK (+76090.5%). Net result -26.7k NOK → -114.4k NOK. Equity -1.25m NOK → -1.36m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 378 NOK to 288.0k NOK (+76090.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 82.8k NOK → 54.2k NOK (21911% → 19% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +177.6k NOK → +110.1k NOK (op. margin 46992.9% → 38.2%). Calculated
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↓
Net result weakened
Net result -26.7k NOK → -114.4k NOK (net margin -7072.8% → -39.7%). Calculated
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↓
Equity eroded
Book equity -1.25m NOK → -1.36m NOK (equity ratio -29.8% → -31.6%). Calculated
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↓
Cash fell
Bank deposits 33.2k NOK → 891 NOK (-97.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -31.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation