Org.nr 990 687 544 2018 → 2019 Year-over-year analysis

AKANTI AS: årsregnskap 2019 vs 2018

Shrank 76% on revenue, cash halved-plus

approved 2020-08-19; registry 2020-08-29; journal 2020 709073

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AKANTI AS. Revenue 7.02m NOK → 1.65m NOK (-76.4%). Equity -8 418 NOK → -477.4k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKANTI AS.

At a glance

Revenue

7.02m NOK 1.65m NOK

-76.4%

Operating result

n/m -373.4k NOK

—

Net result

n/m -469.0k NOK

—

Equity

-8 418 NOK -477.4k NOK

-5571.0%

Cash

922.4k NOK 33.8k NOK

-96.3%

Total assets

5.34m NOK 3.03m NOK

-43.3%

↑
Payroll decreased

Salary cost 1.54m NOK → 1.34m NOK (22% → 81% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 7.02m NOK to 1.65m NOK (-76.4% YoY). Calculated
↓
Equity eroded

Book equity -8 418 NOK → -477.4k NOK (equity ratio -0.2% → -15.8%). Calculated
↓
Cash fell

Bank deposits 922.4k NOK → 33.8k NOK (-96.3% YoY). Calculated

·
Thin equity buffer

Equity ratio is -15.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 5.59m NOK → 127.9k NOK (-97.7% YoY). Calculated