AK SELSKAP AS: årsregnskap 2019 vs 2018
Shrank 12% on revenue, weaker earnings
approved 2020-10-13; registry 2020-11-03; journal 2020 964908
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AK SELSKAP AS. Revenue 10.27m NOK → 9.05m NOK (-11.8%). Net result -559.0k NOK → -702.1k NOK. Equity -326.3k NOK → -1.03m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AK SELSKAP AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 77.0k NOK → 98.0k NOK (+27.3% YoY). Calculated
-
↑
Payroll decreased
Salary cost 1.69m NOK → 1.57m NOK (16% → 17% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 10.27m NOK to 9.05m NOK (-11.8% YoY). Calculated
-
↓
Operating result weakened
Operating result -557.2k NOK → -629.7k NOK (op. margin -5.4% → -7.0%). Calculated
-
↓
Net result weakened
Net result -559.0k NOK → -702.1k NOK (net margin -5.4% → -7.8%). Calculated
-
↓
Equity eroded
Book equity -326.3k NOK → -1.03m NOK (equity ratio -147.6% → -1415.2%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -1415.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 8.60m NOK → 6.77m NOK (-21.3% YoY). Calculated