A/S Fougstad gate 22: årsregnskap 2019 vs 2018
Shrank 100% on revenue, returned to profit
approved 2020-09-24; registry 2020-10-26; journal 2020 962235
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A/S Fougstad gate 22. Revenue 898.0k NOK → 1 NOK (-100.0%). Net result -369.3k NOK → +132.3k NOK. Equity 2.23m NOK → 2.36m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for A/S Fougstad gate 22.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -342.8k NOK → +116.0k NOK (op. margin -38.2% → 11597100.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 369.3k NOK to a profit of 132.3k NOK. Calculated
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↑
Equity strengthened
Book equity 2.23m NOK → 2.36m NOK (equity ratio 31.6% → 32.8%). Calculated
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↑
Cash rose
Bank deposits 112.1k NOK → 238.3k NOK (+112.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 38.8k NOK → 4 NOK (4% → 400% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 898.0k NOK to 1 NOK (-100.0% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 2.23m NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 35.3k NOK → 64.8k NOK. Reported fact