ACCURIZE AS: årsregnskap 2019 vs 2018
Grew 128800% on revenue, weaker earnings, cash halved-plus
approved 2020-05-28; registry 2020-06-13; journal 2020 430912
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACCURIZE AS. Revenue 1 498 NOK → 1.93m NOK (+128799.8%). Net result -479.0k NOK → -630.7k NOK. Equity 10.11m NOK → 10 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACCURIZE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 498 NOK to 1.93m NOK (+128799.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -482.5k NOK → -625.6k NOK (op. margin -32206.7% → -32.4%). Calculated
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↓
Net result weakened
Net result -479.0k NOK → -630.7k NOK (net margin -31979.2% → -32.7%). Calculated
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↓
Equity eroded
Book equity 10.11m NOK → 10 NOK (equity ratio 587.8% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 438.5k NOK → 40.9k NOK (-90.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 9.75m NOK → 9.92m NOK (651162% → 514% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 463.0k NOK → 792.6k NOK (+71.2% YoY). Calculated