ABK VILLMARKSHYTTA AS: årsregnskap 2019 vs 2018
Shrank 6% on revenue, slipped into loss, cash halved-plus
approved 2020-07-03; registry 2020-07-28; journal 2020 626816
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABK VILLMARKSHYTTA AS. Revenue 944.8k NOK → 891.6k NOK (-5.6%). Net result +94.8k NOK → -680.9k NOK. Equity 528.8k NOK → -152.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABK VILLMARKSHYTTA AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 250.6k NOK → 3 285 NOK (27% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 944.8k NOK to 891.6k NOK (-5.6% YoY). Calculated
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↓
Operating result weakened
Operating result +371.9k NOK → +112.9k NOK (op. margin 39.4% → 12.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 94.8k NOK profit to a loss of 680.9k NOK. Calculated
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↓
Equity eroded
Book equity 528.8k NOK → -152.1k NOK (equity ratio 5.9% → -1.8%). Calculated
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↓
Cash fell
Bank deposits 187.8k NOK → 66.9k NOK (-64.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation