AC SCHNITZER NORGE AS: årsregnskap 2019 vs 2018
Shrank 9% on revenue, fresh owner capital
approved 2020-05-08; registry 2020-05-13; journal 2020 351530
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AC SCHNITZER NORGE AS. Revenue 862.2k NOK → 782.0k NOK (-9.3%). Equity 72.8k NOK → 19.9k NOK.
On the constructive side: owners injected capital. 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 SCHNITZER NORGE AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 66.7k NOK → 100.0k NOK (+33.3k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 862.2k NOK to 782.0k NOK (-9.3% YoY). Calculated
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↓
Equity eroded
Book equity 72.8k NOK → 19.9k NOK (equity ratio 35.6% → 5.3%). Calculated
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↓
Cash fell
Bank deposits 119.9k NOK → 76.7k NOK (-36.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.55× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 670.7k NOK → 779.1k NOK (+16.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation