ACCESS! AS: årsregnskap 2018 vs 2017
Shrank 97% on revenue, stronger earnings, cash halved-plus
approved 2019-06-30; registry 2019-07-13; journal 2019 708660
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACCESS! AS. Revenue 405.6k NOK → 14.0k NOK (-96.5%). Net result -1.14m NOK → -2 503 NOK. Equity -950.3k NOK → -952.8k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCESS! AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -1.14m NOK → -2 503 NOK (net margin -281.9% → -17.9%). Calculated
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Payroll decreased
Salary cost 6 491 NOK → 1 NOK (2% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 405.6k NOK to 14.0k NOK (-96.5% YoY). Calculated
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↓
Operating result weakened
Operating result +45.3k NOK → +6 300 NOK (op. margin 11.2% → 45.0%). Calculated
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↓
Equity eroded
Book equity -950.3k NOK → -952.8k NOK (equity ratio -899.4% → -2617.3%). Calculated
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Cash fell
Bank deposits 92.5k NOK → 22.9k NOK (-75.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -2617.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation