ADVICE4YOU AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2020-05-21; registry 2020-06-06; journal 2020 394795
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVICE4YOU AS. Revenue 113.0k NOK → 112 NOK (-99.9%). Net result +111.1k NOK → -15.1k NOK. Equity -286.5k NOK → -301.6k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVICE4YOU AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 113.0k NOK to 112 NOK (-99.9% YoY). Calculated
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Operating result weakened
Operating result +100.1k NOK → -15.1k NOK (op. margin 88.6% → -13447.3%). Calculated
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Fell into a net loss
Net result flipped from 111.1k NOK profit to a loss of 15.1k NOK. Calculated
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Equity eroded
Book equity -286.5k NOK → -301.6k NOK (equity ratio -10340.0% → -55539.8%). Calculated
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Cash fell
Bank deposits 2 145 NOK → 543 NOK (-74.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -55539.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation