Org.nr 912 450 716 2018 → 2019 Year-over-year analysis

AKASIA HOLDING AS: årsregnskap 2019 vs 2018

Shrank 100% on revenue

approved 2020-04-28; registry 2020-09-26; journal 2020 855675

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AKASIA HOLDING AS. Revenue 395.41m NOK → 10 NOK (-100.0%). Equity 83.27m NOK → 73.10m NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AKASIA HOLDING AS.

At a glance

Revenue

395.41m NOK 10 NOK

-100.0%

Operating result

+13.91m NOK -6.38m NOK

-145.9%

Net result

n/m -10.17m NOK

—

Equity

83.27m NOK 73.10m NOK

-12.2%

Cash

481.3k NOK 364.5k NOK

-24.3%

Total assets

329.94m NOK 143.47m NOK

-56.5%

↓
Revenue fell

Operating income / revenue moved from 395.41m NOK to 10 NOK (-100.0% YoY). Calculated
↓
Operating result weakened

Operating result +13.91m NOK → -6.38m NOK (op. margin 3.5% → -63794540.0%). Calculated
↓
Equity eroded

Book equity 83.27m NOK → 73.10m NOK (equity ratio 25.2% → 51.0%). Calculated
↓
Cash fell

Bank deposits 481.3k NOK → 364.5k NOK (-24.3% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 1.27bn NOK → 14.30bn NOK (321% → 143021759300% of revenue). Calculated

·
Book investments changed

Investment / intangible book value 296.23m NOK → 103.32m NOK. Reported fact