AK. GRIEG NORGE AS: årsregnskap 2019 vs 2018
Shrank 22% on revenue, weaker earnings, cash halved-plus
approved 2020-08-31; registry 2020-09-09; journal 2020 786270
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AK. GRIEG NORGE AS. Revenue 160.8k NOK → 125.6k NOK (-21.9%). Net result +63.5k NOK → +34.5k NOK. Equity -127.5k NOK → -93.0k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AK. GRIEG NORGE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -127.5k NOK → -93.0k NOK (equity ratio -20.6% → -31.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 160.8k NOK to 125.6k NOK (-21.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +59.1k NOK → +32.7k NOK (op. margin 36.7% → 26.0%). Calculated
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↓
Net result weakened
Net result +63.5k NOK → +34.5k NOK (net margin 39.5% → 27.5%). Calculated
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↓
Cash fell
Bank deposits 569.2k NOK → 257.9k NOK (-54.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -31.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation