A/S INDOOR: årsregnskap 2019 vs 2018
Stronger earnings, cash halved-plus
approved 2020-04-29; registry 2020-06-29; journal 2020 501239
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A/S INDOOR. Revenue 1.43m NOK → 1.37m NOK (-4.7%). Net result +325.9k NOK → +8.15m NOK. Equity 8.42m NOK → 569.5k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for A/S INDOOR.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +325.9k NOK → +8.15m NOK (net margin 22.7% → 595.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.43m NOK to 1.37m NOK (-4.7% YoY). Calculated
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↓
Operating result weakened
Operating result +789.0k NOK → +707.3k NOK (op. margin 55.0% → 51.7%). Calculated
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↓
Equity eroded
Book equity 8.42m NOK → 569.5k NOK (equity ratio 56.4% → 3.9%). Calculated
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↓
Cash fell
Bank deposits 1.30m NOK → 292.7k NOK (-77.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.30m NOK → 292.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation