AC VARMEPUMPER AS: årsregnskap 2019 vs 2018
Stronger earnings, cash halved-plus
approved 2020-05-13; registry 2020-05-30; journal 2020 378604
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AC VARMEPUMPER AS. Revenue 6.18m NOK → 6.18m NOK (-0.1%). Net result -594.0k NOK → -228.8k NOK. Equity -54.7k NOK → -283.5k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AC VARMEPUMPER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -593.5k NOK → -207.3k NOK (op. margin -9.6% → -3.4%). Calculated
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Net result improved
Net result -594.0k NOK → -228.8k NOK (net margin -9.6% → -3.7%). Calculated
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Payroll decreased
Salary cost 2.83m NOK → 2.50m NOK (46% → 40% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.18m NOK to 6.18m NOK (-0.1% YoY). Calculated
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↓
Equity eroded
Book equity -54.7k NOK → -283.5k NOK (equity ratio -5.4% → -38.4%). Calculated
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↓
Cash fell
Bank deposits 446.8k NOK → 189.5k NOK (-57.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.18× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -38.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 2.93m NOK → 2.89m NOK (-1.3% YoY). Calculated