ACTIVITY CONSULT FOLDVIK & ANDERSEN AS: årsregnskap 2019 vs 2018
Shrank 96% on revenue, weaker earnings
approved 2019-12-31; registry 2020-10-19; journal 2020 954209
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACTIVITY CONSULT FOLDVIK & ANDERSEN AS. Revenue 200.2k NOK → 7 310 NOK (-96.3%). Net result -11.8k NOK → -265.5k NOK. Equity -161.8k NOK → -427.3k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTIVITY CONSULT FOLDVIK & ANDERSEN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 1 746 NOK → 22.4k NOK (+1185.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 200.2k NOK to 7 310 NOK (-96.3% YoY). Calculated
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↓
Net result weakened
Net result -11.8k NOK → -265.5k NOK (net margin -5.9% → -3632.4%). Calculated
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↓
Equity eroded
Book equity -161.8k NOK → -427.3k NOK (equity ratio -931.2% → -974.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -974.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation