A'VERA AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-01-28; registry 2020-01-30; journal 2020 204342
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A'VERA AS. Revenue 7.33m NOK → 7.33m NOK (-0.0%). Net result -511.4k NOK → -580.1k NOK. Equity -447.0k NOK → -1.03m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A'VERA AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.33m NOK to 7.33m NOK (-0.0% YoY). Calculated
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↓
Operating result weakened
Operating result -456.6k NOK → -579.6k NOK (op. margin -6.2% → -7.9%). Calculated
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↓
Net result weakened
Net result -511.4k NOK → -580.1k NOK (net margin -7.0% → -7.9%). Calculated
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↓
Equity eroded
Book equity -447.0k NOK → -1.03m NOK (equity ratio -35.7% → -140.4%). Calculated
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↓
Cash fell
Bank deposits 484.9k NOK → 343.5k NOK (-29.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -140.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 5.57m NOK → 5.46m NOK (-1.9% YoY). Calculated