ACADEMIA SPORTS AS: årsregnskap 2019 vs 2018
Grew 80% on revenue, returned to profit, cash halved-plus
approved 2019-12-31; registry 2020-10-06; journal 2020 920070
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACADEMIA SPORTS AS. Revenue 162.7k NOK → 293.3k NOK (+80.2%). Net result -39.1k NOK → +51.6k NOK. Equity -25.6k NOK → 4.53m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 162.7k NOK to 293.3k NOK (+80.2% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 39.1k NOK to a profit of 51.6k NOK. Calculated
-
↑
Equity strengthened
Book equity -25.6k NOK → 4.53m NOK (equity ratio -0.4% → 61.6%). Calculated
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↑
Owners injected capital
Paid-in equity rose 30.0k NOK → 4.54m NOK (+4.51m NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 9 962 NOK → 3 331 NOK (-66.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.51× → 0.15× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated