AKERSHUS AUTO BILVERKSTED AS: årsregnskap 2019 vs 2018
Shrank 60% on revenue, cash halved-plus
approved 2020-03-05; registry 2020-03-14; journal 2020 240767
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKERSHUS AUTO BILVERKSTED AS. Revenue 332.2k NOK → 132.0k NOK (-60.3%). Net result -335.1k NOK → -395.5k NOK. Equity 484.1k NOK → 88.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AKERSHUS AUTO BILVERKSTED AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 437.0k NOK → 104.2k NOK (132% → 79% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 332.2k NOK to 132.0k NOK (-60.3% YoY). Calculated
-
↓
Net result weakened
Net result -335.1k NOK → -395.5k NOK (net margin -100.9% → -299.5%). Calculated
-
↓
Equity eroded
Book equity 484.1k NOK → 88.7k NOK (equity ratio 91.0% → 91.9%). Calculated
-
↓
Cash fell
Bank deposits 309.7k NOK → 8 951 NOK (-97.1% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 368.9k NOK → 197.6k NOK (-46.4% YoY). Calculated