ACCESSPOINT AS: årsregnskap 2019 vs 2018
Grew 8% on revenue, weaker earnings, cash halved-plus
approved 2020-05-13; registry 2020-06-03; journal 2020 383192
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACCESSPOINT AS. Revenue 1.72m NOK → 1.86m NOK (+8.3%). Net result +358.1k NOK → +56.1k NOK. Equity 2.18m NOK → 7.24m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACCESSPOINT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.72m NOK to 1.86m NOK (+8.3% YoY). Calculated
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Operating result improved
Operating result +618.8k NOK → +906.6k NOK (op. margin 36.0% → 48.8%). Calculated
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Equity strengthened
Book equity 2.18m NOK → 7.24m NOK (equity ratio 72.8% → 91.3%). Calculated
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Current ratio back above 1×
Current ratio 0.78× → 2.83×. Calculated
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Payroll decreased
Salary cost 491.8k NOK → 418.6k NOK (29% → 23% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +358.1k NOK → +56.1k NOK (net margin 20.9% → 3.0%). Calculated
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↓
Cash fell
Bank deposits 99.5k NOK → 4 391 NOK (-95.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 2.77m NOK → 7.16m NOK. Reported fact