AE RØRSERVICE AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2020-08-31; registry 2020-09-07; journal 2020 767524
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AE RØRSERVICE AS. Revenue 40.3k NOK → 0 NOK (-100.0%). Net result -74.6k NOK → -57.0k NOK. Equity -417.4k NOK → -474.4k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AE RØRSERVICE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -89.5k NOK → -67.7k NOK. Calculated
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↑
Net result improved
Net result -74.6k NOK → -57.0k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 40.3k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Equity eroded
Book equity -417.4k NOK → -474.4k NOK (equity ratio -106.7% → -136.5%). Calculated
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↓
Cash fell
Bank deposits 26.7k NOK → 5 NOK (-100.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -136.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation