A TRANS AS: årsregnskap 2019 vs 2018
Grew 41% on revenue, stronger earnings
approved 2020-02-19; registry 2020-02-27; journal 2020 219853
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A TRANS AS. Revenue 207.4k NOK → 292.5k NOK (+41.0%). Net result -109.5k NOK → -42.8k NOK. Equity -200.6k NOK → -243.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A TRANS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 207.4k NOK to 292.5k NOK (+41.0% YoY). Calculated
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↑
Operating result improved
Operating result -109.6k NOK → -42.7k NOK (op. margin -52.8% → -14.6%). Calculated
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↑
Net result improved
Net result -109.5k NOK → -42.8k NOK (net margin -52.8% → -14.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -200.6k NOK → -243.3k NOK (equity ratio -137.3% → -175.2%). Calculated
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↓
Cash fell
Bank deposits 75.3k NOK → 38.7k NOK (-48.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -175.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation