ADMINISTRASJONSPARTNER AS: årsregnskap 2019 vs 2018
Shrank 88% on revenue, weaker earnings
approved 2020-06-30; registry 2020-09-15; journal 2020 816190
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADMINISTRASJONSPARTNER AS. Revenue 804.1k NOK → 94.0k NOK (-88.3%). Net result +697.0k NOK → +198.9k NOK. Equity 496.9k NOK → 2.70m NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMINISTRASJONSPARTNER AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 496.9k NOK → 2.70m NOK (equity ratio 29.0% → 862.7%). Calculated
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↑
Cash rose
Bank deposits 2 273 NOK → 553.1k NOK (+24232.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.32× → 2.71×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 804.1k NOK to 94.0k NOK (-88.3% YoY). Calculated
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↓
Operating result weakened
Operating result +453.6k NOK → +22.9k NOK (op. margin 56.4% → 24.4%). Calculated
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↓
Net result weakened
Net result +697.0k NOK → +198.9k NOK (net margin 86.7% → 211.6%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 279.4k NOK → 98.3k NOK (-64.8% YoY). Calculated