AC ROSENBERG AS: årsregnskap 2019 vs 2018
Shrank 18% on revenue, cash halved-plus
approved 2020-05-12; registry 2020-05-16; journal 2020 360121
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AC ROSENBERG AS. Revenue 199.7k NOK → 164.5k NOK (-17.6%). Equity -72.6k NOK → -169.7k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AC ROSENBERG AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -127.8k NOK → -98.0k NOK (op. margin -64.0% → -59.6%). Calculated
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↑
Payroll decreased
Salary cost 10.15m NOK → 40.4k NOK (5080% → 25% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 199.7k NOK to 164.5k NOK (-17.6% YoY). Calculated
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↓
Equity eroded
Book equity -72.6k NOK → -169.7k NOK (equity ratio -29.7% → -91.4%). Calculated
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↓
Cash fell
Bank deposits 12.2k NOK → 3 518 NOK (-71.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -91.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation