FirmaIQ
Org.nr 988 930 687 2018 → 2019 Year-over-year analysis

AKADEMIET VGS BISLETT AS: årsregnskap 2019 vs 2018

Shrank 15% on revenue, weaker earnings

approved 2020-05-28; registry 2020-06-11; journal 2020 421710

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AKADEMIET VGS BISLETT AS. Revenue 22.97m NOK → 19.56m NOK (-14.8%). Net result +3.32m NOK → +634.9k NOK. Equity 5.55m NOK → 1 185 NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKADEMIET VGS BISLETT AS.

At a glance

Scorecard

Revenue
22.97m NOK 19.56m NOK
-14.8%
Operating result
+3.32m NOK +608.5k NOK
-81.7%
Net result
+3.32m NOK +634.9k NOK
-80.9%
Equity
5.55m NOK 1 185 NOK
-100.0%
Cash
1.31m NOK 2.99m NOK
+127.3%
Total assets
4.58m NOK 6.49m NOK
+41.9%

What improved

  • ↑

    Cash rose

    Bank deposits 1.31m NOK → 2.99m NOK (+127.3% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 22.97m NOK to 19.56m NOK (-14.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.32m NOK → +608.5k NOK (op. margin 14.5% → 3.1%). Calculated

  • ↓

    Net result weakened

    Net result +3.32m NOK → +634.9k NOK (net margin 14.5% → 3.2%). Calculated

  • ↓

    Equity eroded

    Book equity 5.55m NOK → 1 185 NOK (equity ratio 121.3% → 0.0%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 312.8k NOK → 391.6k NOK (+25.2% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation