FirmaIQ
Org.nr 998 602 394 2018 → 2019 Year-over-year analysis

ACCESSIT AS: årsregnskap 2019 vs 2018

Grew 238% on revenue, weaker earnings

approved 2020-07-03; registry 2020-07-30; journal 2020 627232

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ACCESSIT AS. Revenue 990 NOK → 3 350 NOK (+238.4%). Net result -5 896 NOK → -1.11m NOK. Equity -447.5k NOK → -3.03m 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. All figures are taken from the published annual accounts for ACCESSIT AS.

At a glance

Scorecard

Revenue
990 NOK 3 350 NOK
+238.4%
Operating result
-23.4k NOK -956.8k NOK
-3987.1%
Net result
-5 896 NOK -1.11m NOK
-18804.9%
Equity
-447.5k NOK -3.03m NOK
-577.1%
Cash
33 NOK 58.2k NOK
+176187.9%
Total assets
803.1k NOK 979.6k NOK
+22.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 990 NOK to 3 350 NOK (+238.4% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 33 NOK → 58.2k NOK (+176187.9% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -23.4k NOK → -956.8k NOK (op. margin -2364.6% → -28560.7%). Calculated

  • ↓

    Net result weakened

    Net result -5 896 NOK → -1.11m NOK (net margin -595.6% → -33272.7%). Calculated

  • ↓

    Equity eroded

    Book equity -447.5k NOK → -3.03m NOK (equity ratio -55.7% → -309.3%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -309.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation