A1 SECURITY AS: årsregnskap 2019 vs 2018
Shrank 13% on revenue, weaker earnings
approved 2020-06-25; registry 2020-07-02; journal 2020 526691
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A1 SECURITY AS. Revenue 1.19m NOK → 1.03m NOK (-13.2%). Net result +316.1k NOK → +20.9k NOK. Equity 12.16m NOK → 11.1k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A1 SECURITY AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.19m NOK to 1.03m NOK (-13.2% YoY). Calculated
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↓
Operating result weakened
Operating result +304.9k NOK → -12.1k NOK (op. margin 25.7% → -1.2%). Calculated
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↓
Net result weakened
Net result +316.1k NOK → +20.9k NOK (net margin 26.7% → 2.0%). Calculated
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↓
Equity eroded
Book equity 12.16m NOK → 11.1k NOK (equity ratio 2190.4% → 2.8%). Calculated
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↓
Cash fell
Bank deposits 42.2k NOK → 35.0k NOK (-17.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 318.6k NOK → 268.1k NOK (-15.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 19.3k NOK → -4 093 NOK. Reported fact