AKERSHUS BYGG- OG VEDLIKEHOLD AS: årsregnskap 2019 vs 2018
Shrank 37% on revenue, weaker earnings
approved 2020-06-29; registry 2020-10-15; journal 2020 946665
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKERSHUS BYGG- OG VEDLIKEHOLD AS. Revenue 514.2k NOK → 322.8k NOK (-37.2%). Net result -66.5k NOK → -105.3k NOK. Equity -135.3k NOK → -240.6k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKERSHUS BYGG- OG VEDLIKEHOLD AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 21.7k NOK → 24.0k NOK (+10.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 514.2k NOK to 322.8k NOK (-37.2% YoY). Calculated
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↓
Net result weakened
Net result -66.5k NOK → -105.3k NOK (net margin -12.9% → -32.6%). Calculated
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↓
Equity eroded
Book equity -135.3k NOK → -240.6k NOK (equity ratio -87.8% → -225.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 3.28m NOK → 3.16bn NOK (639% → 978104% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -225.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 149.5k NOK → 77.3k NOK (-48.3% YoY). Calculated