ADV STUBBERUD FISKEBÅT OG KVOTEMEGLING AS: årsregnskap 2019 vs 2018
Grew 48% on revenue, weaker earnings
approved 2020-05-24; registry 2020-09-10; journal 2020 792592
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADV STUBBERUD FISKEBÅT OG KVOTEMEGLING AS. Revenue 94.8k NOK → 140.0k NOK (+47.7%). Net result -165.2k NOK → -220.6k NOK. Equity -411.6k NOK → -632.2k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADV STUBBERUD FISKEBÅT OG KVOTEMEGLING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 94.8k NOK to 140.0k NOK (+47.7% YoY). Calculated
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Payroll decreased
Salary cost 22.1k NOK → 5 405 NOK (23% → 4% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result -165.2k NOK → -220.6k NOK (net margin -174.3% → -157.6%). Calculated
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↓
Equity eroded
Book equity -411.6k NOK → -632.2k NOK (equity ratio -65.5% → -66.1%). Calculated
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Cash fell
Bank deposits 25.6k NOK → 13.2k NOK (-48.4% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.62× → 0.11× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -66.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation