Org.nr 987 903 066 2018 → 2019 Year-over-year analysis

AKER INSURANCE SERVICES AS: årsregnskap 2019 vs 2018

A steady year on the published lines

approved 2020-04-24; registry 2020-05-04; journal 2020 322603

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AKER INSURANCE SERVICES AS. Revenue 14.08m NOK → 13.41m NOK (-4.8%). Equity 1.23m NOK → 1.05m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKER INSURANCE SERVICES AS.

At a glance

Revenue

14.08m NOK 13.41m NOK

-4.8%

Operating result

n/m +3.59m NOK

—

Net result

n/m +2.80m NOK

—

Equity

1.23m NOK 1.05m NOK

-15.1%

Cash

9.92m NOK 9.51m NOK

-4.1%

Total assets

10.33m NOK 10.54m NOK

+2.0%

↓
Revenue fell

Operating income / revenue moved from 14.08m NOK to 13.41m NOK (-4.8% YoY). Calculated
↓
Equity eroded

Book equity 1.23m NOK → 1.05m NOK (equity ratio 11.9% → 9.9%). Calculated
↓
Cash fell

Bank deposits 9.92m NOK → 9.51m NOK (-4.1% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 8.33m NOK → 8.53m NOK (59% → 64% of revenue). Calculated

·
Thin equity buffer

Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation