A/S Naufgården: årsregnskap 2019 vs 2018
Shrank 6% on revenue, returned to profit, cash halved-plus
approved 2020-08-24; registry 2020-09-01; journal 2020 720865
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A/S Naufgården. Revenue 715.5k NOK → 672.0k NOK (-6.1%). Net result -428.6k NOK → +52.3k NOK. Equity -1.78m NOK → -1.73m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Naufgården.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -380.8k NOK → +119.6k NOK (op. margin -53.2% → 17.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 428.6k NOK to a profit of 52.3k NOK. Calculated
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↑
Equity strengthened
Book equity -1.78m NOK → -1.73m NOK (equity ratio -42.1% → -45.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 715.5k NOK to 672.0k NOK (-6.1% YoY). Calculated
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↓
Cash fell
Bank deposits 476.6k NOK → 174.9k NOK (-63.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -45.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation