ACCESS REHAB AS: årsregnskap 2019 vs 2018
Grew 154% on revenue
approved 2020-08-27; registry 2020-09-14; journal 2020 809782
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACCESS REHAB AS. Revenue 204.6k NOK → 518.6k NOK (+153.5%). Net result +274.8k NOK → +304.2k NOK. Equity -244.8k NOK → -549.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ACCESS REHAB AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 204.6k NOK to 518.6k NOK (+153.5% YoY). Calculated
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↑
Operating result improved
Operating result +274.8k NOK → +304.2k NOK (op. margin 134.3% → 58.7%). Calculated
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↑
Net result improved
Net result +274.8k NOK → +304.2k NOK (net margin 134.3% → 58.7%). Calculated
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↑
Cash rose
Bank deposits 14.0k NOK → 23.8k NOK (+70.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -244.8k NOK → -549.0k NOK (equity ratio -272.7% → -464.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -464.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 152 NOK → 313.7k NOK (1% → 60% of revenue). Calculated