ACCOUNTFLOW AS: årsregnskap 2019 vs 2018
Grew 17987% on revenue, slipped into loss, cash halved-plus
approved 2020-07-03; registry 2020-07-14; journal 2020 588367
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACCOUNTFLOW AS. Revenue 7 200 NOK → 1.30m NOK (+17987.2%). Net result +771.6k NOK → -2.04m NOK. Equity 1 172 NOK → -741.60bn NOK.
On the constructive side: revenue rose; owners injected capital; payroll decreased. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACCOUNTFLOW AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 7 200 NOK to 1.30m NOK (+17987.2% YoY). Calculated
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Owners injected capital
Paid-in equity rose 393.4k NOK → 680.9k NOK (+287.4k NOK). Reported fact
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Payroll decreased
Salary cost 2.11m NOK → 3 NOK (29306% → 0% of revenue). Calculated
What deteriorated
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Fell into a net loss
Net result flipped from 771.6k NOK profit to a loss of 2.04m NOK. Calculated
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Equity eroded
Book equity 1 172 NOK → -741.60bn NOK (equity ratio 0.2% → -28411583.5%). Calculated
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Cash fell
Bank deposits 663.2k NOK → 154.2k NOK (-76.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -28411583.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 1 661 NOK → 184.4k NOK. Reported fact