ACCESS OSLO AS: årsregnskap 2018 vs 2017
Grew 1319% on revenue, weaker earnings
approved 2019-06-28; registry 2019-07-09; journal 2019 659749
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACCESS OSLO AS. Revenue 505.1k NOK → 7.17m NOK (+1318.7%). Net result +3.13m NOK → +1.40m NOK. Equity -5.41m NOK → -6.82m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ACCESS OSLO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 505.1k NOK to 7.17m NOK (+1318.7% YoY). Calculated
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↑
Cash rose
Bank deposits 6 028 NOK → 29.7k NOK (+393.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +3 075 NOK → +1 311 NOK (op. margin 0.6% → 0.0%). Calculated
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↓
Net result weakened
Net result +3.13m NOK → +1.40m NOK (net margin 619.1% → 19.6%). Calculated
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↓
Equity eroded
Book equity -5.41m NOK → -6.82m NOK (equity ratio -903.5% → -8099.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -8099.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.44m NOK → 2.79m NOK (483% → 39% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 557.3k NOK → 105.3k NOK (-81.1% YoY). Calculated