A12.NO AS: årsregnskap 2019 vs 2018
Grew 366% on revenue
approved 2020-05-08; registry 2020-09-10; journal 2020 793214
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A12.NO AS. Revenue 291.7k NOK → 1.36m NOK (+366.4%). Net result +159.0k NOK → +139.6k NOK. Equity 877.8k NOK → 17.4k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A12.NO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 291.7k NOK to 1.36m NOK (+366.4% YoY). Calculated
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↑
Cash rose
Bank deposits 805.0k NOK → 883.8k NOK (+9.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +202.6k NOK → +178.0k NOK (op. margin 69.4% → 13.1%). Calculated
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↓
Net result weakened
Net result +159.0k NOK → +139.6k NOK (net margin 54.5% → 10.3%). Calculated
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↓
Equity eroded
Book equity 877.8k NOK → 17.4k NOK (equity ratio 80829.7% → 1.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.77× → 0.19× — 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 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 735.9k NOK → 763.4k NOK (252% → 56% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 155.2k NOK → 187.7k NOK (+20.9% YoY). Calculated