AKADEMIET NORGE AS: årsregnskap 2019 vs 2018
Grew 11% on revenue, weaker earnings, cash halved-plus
approved 2020-06-16; registry 2020-09-07; journal 2020 763340
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKADEMIET NORGE AS. Revenue 22.18m NOK → 24.53m NOK (+10.6%). Net result +191.4k NOK → +40.6k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for AKADEMIET NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 22.18m NOK to 24.53m NOK (+10.6% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +191.4k NOK → +40.6k NOK (net margin 0.9% → 0.2%). Calculated
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↓
Cash fell
Bank deposits 1.46m NOK → 581.3k NOK (-60.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.46m NOK → 581.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 15.14m NOK → 17.74m NOK (+17.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 949.4k NOK → 3.22m NOK. Reported fact