A/S Frilin: årsregnskap 2019 vs 2018
Shrank 100% on revenue, returned to profit
approved 2020-04-22; registry 2020-05-11; journal 2020 345660
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A/S Frilin. Revenue 9 000 NOK → 0 NOK (-100.0%). Net result -367.9k NOK → +97.0k NOK. Equity 1.90m NOK → 1.81m NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A/S Frilin.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -18.4k NOK → -12.8k NOK. Calculated
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↑
Turned profitable
Net result flipped from a loss of 367.9k NOK to a profit of 97.0k NOK. Calculated
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↑
Cash rose
Bank deposits 557.3k NOK → 563.3k NOK (+1.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9 000 NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Equity eroded
Book equity 1.90m NOK → 1.81m NOK (equity ratio 75.0% → 76.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.28× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 3.72m NOK → 1.34m NOK. Reported fact