AKAR FOOD AS: årsregnskap 2019 vs 2018
Grew 11% on revenue, stronger earnings
approved 2020-08-31; registry 2020-09-08; journal 2020 775722
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKAR FOOD AS. Revenue 4.03m NOK → 4.49m NOK (+11.4%). Net result +289.5k NOK → +398.5k NOK. Equity 222.7k NOK → 621.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AKAR FOOD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.03m NOK to 4.49m NOK (+11.4% YoY). Calculated
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Operating result improved
Operating result +367.7k NOK → +518.9k NOK (op. margin 9.1% → 11.6%). Calculated
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Net result improved
Net result +289.5k NOK → +398.5k NOK (net margin 7.2% → 8.9%). Calculated
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Equity strengthened
Book equity 222.7k NOK → 621.2k NOK (equity ratio 23.6% → 171.8%). Calculated
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Cash rose
Bank deposits 545.6k NOK → 743.5k NOK (+36.3% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 2.21× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 279.6k NOK → 366.8k NOK (7% → 8% of revenue). Calculated
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COGS moved
COGS / varekostnad 2.71m NOK → 3.47m NOK (+28.1% YoY). Calculated