AKER YACHTS AS: årsregnskap 2019 vs 2018
Shrank 19% on revenue, returned to profit, cash halved-plus
approved 2020-05-28; registry 2020-08-29; journal 2020 711365
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKER YACHTS AS. Revenue 5.68m NOK → 4.61m NOK (-18.9%). Net result -435.2k NOK → +8 038 NOK. Equity 675.0k NOK → 12.7k NOK.
On the constructive side: turned profitable; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for AKER YACHTS AS.
At a glance
Scorecard
What improved
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Turned profitable
Net result flipped from a loss of 435.2k NOK to a profit of 8 038 NOK. Calculated
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Payroll decreased
Salary cost 3.95m NOK → 1 NOK (70% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.68m NOK to 4.61m NOK (-18.9% YoY). Calculated
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Equity eroded
Book equity 675.0k NOK → 12.7k NOK (equity ratio 29.3% → 0.4%). Calculated
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Cash fell
Bank deposits 3.77m NOK → 35.9k NOK (-99.0% YoY). Calculated
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COGS moved
COGS / varekostnad 17.9k NOK → 335.6k NOK (+1779.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.77m NOK → 35.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation