A9 PALEKAIA AS: årsregnskap 2019 vs 2018
Grew 181% on revenue, stronger earnings
approved 2020-04-24; registry 2020-07-29; journal 2020 622323
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A9 PALEKAIA AS. Revenue 40.60m NOK → 114.15m NOK (+181.1%). Net result +7 831 NOK → +36.71m NOK. Equity 349.56m NOK → 1.80m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for A9 PALEKAIA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 40.60m NOK to 114.15m NOK (+181.1% YoY). Calculated
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Operating result improved
Operating result +22.1k NOK → +76.11m NOK (op. margin 0.1% → 66.7%). Calculated
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Net result improved
Net result +7 831 NOK → +36.71m NOK (net margin 0.0% → 32.2%). Calculated
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Cash rose
Bank deposits 16.97m NOK → 95.27m NOK (+461.3% YoY). Calculated
What deteriorated
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Equity eroded
Book equity 349.56m NOK → 1.80m NOK (equity ratio 21.9% → 0.1%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 368.56m NOK → 1.80m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 9 701 NOK → 369.5k NOK (+3708.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 45.6k NOK → 3 375 NOK. Reported fact