Org.nr 991 045 465 2018 → 2019 Year-over-year analysis

ACCESS EVENT AS: årsregnskap 2019 vs 2018

Shrank 100% on revenue

approved 2020-09-25; registry 2020-10-19; journal 2020 949640

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ACCESS EVENT AS. Revenue 67.37m NOK → 15.0k NOK (-100.0%). Equity 945.3k NOK → 732.7k NOK.

On the constructive side: operating result improved. 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 ACCESS EVENT AS.

At a glance

Revenue

67.37m NOK 15.0k NOK

-100.0%

Operating result

-377.8k NOK -217.8k NOK

+42.4%

Net result

n/m -212.6k NOK

—

Equity

945.3k NOK 732.7k NOK

-22.5%

Cash

326.5k NOK 311.8k NOK

-4.5%

Total assets

1.44m NOK 8.31m NOK

+477.1%

↑
Operating result improved

Operating result -377.8k NOK → -217.8k NOK (op. margin -0.6% → -1453.2%). Calculated

↓
Revenue fell

Operating income / revenue moved from 67.37m NOK to 15.0k NOK (-100.0% YoY). Calculated
↓
Equity eroded

Book equity 945.3k NOK → 732.7k NOK (equity ratio 65.6% → 8.8%). Calculated
↓
Cash fell

Bank deposits 326.5k NOK → 311.8k NOK (-4.5% YoY). Calculated

·
Thin equity buffer

Equity ratio is 8.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 66.96m NOK → 67.0k NOK (-99.9% YoY). Calculated