FirmaIQ
Org.nr 989 770 349 2018 → 2019 Year-over-year analysis

AKERSGATA 16 AS: årsregnskap 2019 vs 2018

Grew 106618% on revenue, weaker earnings, cash halved-plus

approved 2020-06-30; registry 2020-09-08; journal 2020 771108

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AKERSGATA 16 AS. Revenue 8 580 NOK → 9.16m NOK (+106618.2%). Net result -7.09m NOK → -10.85m NOK. Equity 3.43m NOK → 2.91m NOK.

On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AKERSGATA 16 AS.

At a glance

Scorecard

Revenue
8 580 NOK 9.16m NOK
+106618.2%
Operating result
-6.99m NOK -7.74m NOK
-10.8%
Net result
-7.09m NOK -10.85m NOK
-52.9%
Equity
3.43m NOK 2.91m NOK
-15.2%
Cash
44.4k NOK 4 134 NOK
-90.7%
Total assets
109.15m NOK 120.29m NOK
+10.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 8 580 NOK to 9.16m NOK (+106618.2% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.18m NOK → 11.51m NOK (+10.33m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -6.99m NOK → -7.74m NOK (op. margin -81452.6% → -84.6%). Calculated

  • ↓

    Net result weakened

    Net result -7.09m NOK → -10.85m NOK (net margin -82661.4% → -118.5%). Calculated

  • ↓

    Equity eroded

    Book equity 3.43m NOK → 2.91m NOK (equity ratio 3.1% → 2.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 44.4k NOK → 4 134 NOK (-90.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 2.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 19.1k NOK → 1.51m NOK. Reported fact