A.S.K PROSJEKT AS: årsregnskap 2020 vs 2019
Grew 4625% on revenue, slipped into loss, cash halved-plus
registry 2021-08-25; journal 2021 676134
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.S.K PROSJEKT AS. Revenue 1 015 NOK → 48.0k NOK (+4625.1%). Net result +76.3k NOK → -269.8k NOK. Equity 49.9k NOK → -219.9k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A.S.K PROSJEKT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1 015 NOK to 48.0k NOK (+4625.1% YoY). Calculated
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Payroll decreased
Salary cost 8 619 NOK → 1 619 NOK (849% → 3% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +108.7k NOK → -337.4k NOK (op. margin 10705.2% → -703.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 76.3k NOK profit to a loss of 269.8k NOK. Calculated
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↓
Equity eroded
Book equity 49.9k NOK → -219.9k NOK (equity ratio 37.2% → -203.0%). Calculated
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↓
Cash fell
Bank deposits 128.7k NOK → 5 651 NOK (-95.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.59× → 0.10× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -203.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 622.2k NOK → 78.0k NOK (-87.5% YoY). Calculated