AB PROFILERING AS: årsregnskap 2019 vs 2018
Grew 31% on revenue, slipped into loss, cash halved-plus
approved 2020-07-08; registry 2020-07-20; journal 2020 608905
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AB PROFILERING AS. Revenue 622.5k NOK → 818.1k NOK (+31.4%). Net result +432.2k NOK → -324.4k NOK. Equity -274.0k NOK → -598.4k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AB PROFILERING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 622.5k NOK to 818.1k NOK (+31.4% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.86× → 2.16×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +540.8k NOK → -404.4k NOK (op. margin 86.9% → -49.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 432.2k NOK profit to a loss of 324.4k NOK. Calculated
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↓
Equity eroded
Book equity -274.0k NOK → -598.4k NOK (equity ratio -6.4% → -45.8%). Calculated
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↓
Cash fell
Bank deposits 184.2k NOK → 13.4k NOK (-92.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -45.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 329.1k NOK → 509.7k NOK (+54.9% YoY). Calculated