AKASTOR AS: årsregnskap 2019 vs 2018
Shrank 14% on revenue, returned to profit, cash halved-plus
approved 2020-06-10; registry 2020-06-30; journal 2020 513123
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKASTOR AS. Revenue 57.33m NOK → 49.06m NOK (-14.4%). Net result -492.01m NOK → +342.57m NOK. Equity 5.91bn NOK → 6.04bn NOK.
On the constructive side: turned profitable; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AKASTOR AS.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 492.01m NOK to a profit of 342.57m NOK. Calculated
-
↑
Equity strengthened
Book equity 5.91bn NOK → 6.04bn NOK (equity ratio 91.0% → 93.4%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.83× → 15.88×. Calculated
-
↑
Owners injected capital
Paid-in equity rose 5.91bn NOK → 6.04bn NOK (+128.99m NOK). Reported fact
-
↑
Payroll decreased
Salary cost 57.92m NOK → 49.30m NOK (101% → 100% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 57.33m NOK to 49.06m NOK (-14.4% YoY). Calculated
-
↓
Cash fell
Bank deposits 281.11m NOK → 61.22m NOK (-78.2% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (281.11m NOK → 61.22m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 12 NOK → 6.20bn NOK. Reported fact