AGUILA SPORT AS: årsregnskap 2019 vs 2018
Shrank 32% on revenue, slipped into loss
approved 2020-03-11; registry 2020-10-07; journal 2020 926500
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGUILA SPORT AS. Revenue 2.56m NOK → 1.74m NOK (-32.1%). Net result +347.0k NOK → -673.3k NOK. Equity 672.6k NOK → 5 NOK.
On the constructive side: cash rose. 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 AGUILA SPORT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 250.0k NOK → 321.9k NOK (+28.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.56m NOK to 1.74m NOK (-32.1% YoY). Calculated
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↓
Operating result weakened
Operating result +451.0k NOK → -674.9k NOK (op. margin 17.6% → -38.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 347.0k NOK profit to a loss of 673.3k NOK. Calculated
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↓
Equity eroded
Book equity 672.6k NOK → 5 NOK (equity ratio 23.7% → 0.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.31× → 1.00× — 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