AKA AS: årsregnskap 2019 vs 2018
Grew 11% on revenue, weaker earnings, cash halved-plus
approved 2020-04-23; registry 2020-09-05; journal 2020 753109
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKA AS. Revenue 27.24m NOK → 30.11m NOK (+10.5%). Net result +133.02m NOK → +97.06m NOK. Equity 1.42bn NOK → 1.46bn NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AKA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 27.24m NOK to 30.11m NOK (+10.5% YoY). Calculated
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↑
Equity strengthened
Book equity 1.42bn NOK → 1.46bn NOK (equity ratio 27.6% → 21.9%). Calculated
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Payroll decreased
Salary cost 29.93m NOK → 28.00m NOK (110% → 93% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +292.33m NOK → -19.46m NOK (op. margin 1073.0% → -64.6%). Calculated
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↓
Net result weakened
Net result +133.02m NOK → +97.06m NOK (net margin 488.3% → 322.3%). Calculated
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Cash fell
Bank deposits 66.30m NOK → 18.78m NOK (-71.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (66.30m NOK → 18.78m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 12.12bn NOK → 10.12m NOK. Reported fact