ADVIK AS: årsregnskap 2019 vs 2018
Grew 16% on revenue, slipped into loss
approved 2020-06-30; registry 2020-07-15; journal 2020 579569
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVIK AS. Revenue 6.28m NOK → 7.26m NOK (+15.8%). Net result +2 065 NOK → -171.8k NOK. Equity 129.6k NOK → 10 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADVIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.28m NOK to 7.26m NOK (+15.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +20.2k NOK → -147.7k NOK (op. margin 0.3% → -2.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 2 065 NOK profit to a loss of 171.8k NOK. Calculated
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↓
Equity eroded
Book equity 129.6k NOK → 10 NOK (equity ratio 13.6% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 492.5k NOK → 327.0k NOK (-33.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.16× → 0.97× — 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 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 3.00m NOK → 3.64m NOK (+21.6% YoY). Calculated