AJ BRA SERVICE AS: årsregnskap 2019 vs 2018
Shrank 48% on revenue, slipped into loss
approved 2020-07-26; registry 2020-08-11; journal 2020 665342
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AJ BRA SERVICE AS. Revenue 523.8k NOK → 271.8k NOK (-48.1%). Net result +70 NOK → -232.5k NOK. Equity 30.0k NOK → -344.1k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AJ BRA SERVICE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 8 992 NOK → 26.9k NOK (+199.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 523.8k NOK to 271.8k NOK (-48.1% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 70 NOK profit to a loss of 232.5k NOK. Calculated
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↓
Equity eroded
Book equity 30.0k NOK → -344.1k NOK (equity ratio 10.4% → -148.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -148.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation