A VISNES TRANSPORT AS: årsregnskap 2019 vs 2018
Cash halved-plus
approved 2020-08-15; registry 2020-08-20; journal 2020 685074
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A VISNES TRANSPORT AS. Revenue 24.86m NOK → 25.48m NOK (+2.5%). Equity 1.07m NOK → 353.2k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for A VISNES TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 24.86m NOK to 25.48m NOK (+2.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.07m NOK → 353.2k NOK (equity ratio 23.5% → 9.3%). Calculated
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↓
Cash fell
Bank deposits 1.28m NOK → 410.1k NOK (-67.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.28m NOK → 410.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 7.66m NOK → 8.12m NOK (31% → 32% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.47m NOK → 2.08m NOK (+41.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 6 000 NOK → 1 000 NOK. Reported fact