AK TECHNOLOGY AS: årsregnskap 2019 vs 2018
Grew 25878700% on revenue, returned to profit
approved 2020-06-06; registry 2020-08-13; journal 2020 669968
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AK TECHNOLOGY AS. Revenue -1 NOK → 258.8k NOK (+25878700.0%). Net result -12.1k NOK → +106.0k NOK. Equity 11.2k NOK → 4.14m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AK TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from -1 NOK to 258.8k NOK (+25878700.0% YoY). Calculated
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↑
Operating result improved
Operating result -12.2k NOK → +105.9k NOK (op. margin 1215000.0% → 40.9%). Calculated
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Turned profitable
Net result flipped from a loss of 12.1k NOK to a profit of 106.0k NOK. Calculated
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Equity strengthened
Book equity 11.2k NOK → 4.14m NOK (equity ratio 3.9% → 1041.2%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.29× → 1.42×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 63.2k NOK → 35.3k NOK (-44.2% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 118 NOK → 28.1k NOK (+23746.6% YoY). Calculated