AK MARINE AS: årsregnskap 2019 vs 2018
Shrank 54% on revenue, slipped into loss
approved 2020-08-31; registry 2020-10-14; journal 2020 944300
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AK MARINE AS. Revenue 3.69m NOK → 1.72m NOK (-53.5%). Net result +481.8k NOK → -161.9k NOK. Equity 466.0k NOK → 304.1k NOK.
On the constructive side: operating result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; fell into a net loss; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -471.6k NOK → -38.0k NOK (op. margin -12.8% → -2.2%). Calculated
-
↑
Cash rose
Bank deposits 141.4k NOK → 427.4k NOK (+202.3% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.02× → 7.00×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.69m NOK to 1.72m NOK (-53.5% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 481.8k NOK profit to a loss of 161.9k NOK. Calculated
-
↓
Equity eroded
Book equity 466.0k NOK → 304.1k NOK (equity ratio 16.2% → 1774.8%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 2.28m NOK → 4.26m NOK (62% → 248% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 162.7k NOK → 354.0k NOK (+117.6% YoY). Calculated