AKERSHUS BILSALG AS: årsregnskap 2019 vs 2018
Shrank 65% on revenue, weaker earnings
approved 2020-12-04; registry 2020-12-07; journal 2020 973850
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKERSHUS BILSALG AS. Revenue 357.4k NOK → 126.0k NOK (-64.8%). Net result -118.6k NOK → -255.0k NOK. Equity -160.3k NOK → -415.3k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKERSHUS BILSALG AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 2 251 NOK → 11.8k NOK (+422.0% YoY). Calculated
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Payroll decreased
Salary cost 9 106 NOK → 1 523 NOK (3% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 357.4k NOK to 126.0k NOK (-64.8% YoY). Calculated
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Operating result weakened
Operating result -106.3k NOK → -312.0k NOK (op. margin -29.7% → -247.6%). Calculated
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↓
Net result weakened
Net result -118.6k NOK → -255.0k NOK (net margin -33.2% → -202.4%). Calculated
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Equity eroded
Book equity -160.3k NOK → -415.3k NOK (equity ratio -33.4% → -206.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -206.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 346.0k NOK → 324.7k NOK (-6.2% YoY). Calculated