A-TRACT AS: årsregnskap 2019 vs 2018
Grew 6% on revenue, slipped into loss
approved 2020-06-16; registry 2020-06-30; journal 2020 517457
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A-TRACT AS. Revenue 1.81m NOK → 1.91m NOK (+5.9%). Net result +196.9k NOK → -143.4k NOK. Equity 125.8k NOK → -17.6k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for A-TRACT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.81m NOK to 1.91m NOK (+5.9% YoY). Calculated
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↑
Cash rose
Bank deposits 260.3k NOK → 310.8k NOK (+19.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +202.9k NOK → -139.1k NOK (op. margin 11.2% → -7.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 196.9k NOK profit to a loss of 143.4k NOK. Calculated
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↓
Equity eroded
Book equity 125.8k NOK → -17.6k NOK (equity ratio 18.8% → -2.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -2.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.30m NOK → 1.47m NOK (72% → 77% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 206.6k NOK → 108.9k NOK (-47.3% YoY). Calculated