AKASTOR ASA: årsregnskap 2019 vs 2018
Shrank 88% on revenue, returned to profit
approved 2020-03-18; registry 2020-07-27; journal 2020 613531
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKASTOR ASA. Revenue 8.00m NOK → 1.00m NOK (-87.5%). Net result -194.00m NOK → +147.00m NOK. Equity 4.39bn NOK → 4.33bn NOK.
On the constructive side: turned profitable; owners injected capital. 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 AKASTOR ASA.
At a glance
Scorecard
What improved
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Turned profitable
Net result flipped from a loss of 194.00m NOK to a profit of 147.00m NOK. Calculated
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Owners injected capital
Paid-in equity rose 4.16bn NOK → 4.16bn NOK (+1.00m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.00m NOK to 1.00m NOK (-87.5% YoY). Calculated
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Operating result weakened
Operating result -29.00m NOK → -30.00m NOK (op. margin -362.5% → -3000.0%). Calculated
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Equity eroded
Book equity 4.39bn NOK → 4.33bn NOK (equity ratio 69.0% → 66.0%). Calculated
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Payroll up without matching revenue
Salary cost 8.42m NOK → 8.72m NOK (105% → 872% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 513.0k NOK → 2.59m NOK (+404.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 5.86bn NOK → 6.25bn NOK. Reported fact