A/S Vivat: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-09-04; registry 2020-10-03; journal 2020 899789
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A/S Vivat. Revenue 0 NOK → 735.0k NOK. Equity -2.60m NOK → -7.05m NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for A/S Vivat.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 0 NOK to 735.0k NOK. Calculated
-
↑
Cash rose
Bank deposits 135.8k NOK → 711.3k NOK (+423.8% YoY). Calculated
-
↑
Payroll decreased
Salary cost 2.58m NOK → 1 NOK. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -583.5k NOK → -967.0k NOK. Calculated
-
↓
Equity eroded
Book equity -2.60m NOK → -7.05m NOK (equity ratio -28.6% → -135.7%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.31× → 0.32× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -135.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 673 NOK → 7 617 NOK (+1031.8% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 6.01m NOK → 2.12m NOK. Reported fact