ACCESS! AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, weaker earnings
approved 2020-01-31; registry 2020-05-28; journal 2020 374568
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACCESS! AS. Revenue 14.0k NOK → 0 NOK (-100.0%). Net result -2 503 NOK → -17.9k NOK. Equity -952.8k NOK → -970.8k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCESS! AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.0k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result +6 300 NOK → -20.5k NOK. Calculated
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↓
Net result weakened
Net result -2 503 NOK → -17.9k NOK. Calculated
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↓
Equity eroded
Book equity -952.8k NOK → -970.8k NOK (equity ratio -2617.3% → -34145.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -34145.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation