AKERSHUS LÅS OG SNEKKERSERVICE AS: årsregnskap 2019 vs 2018
Shrank 48% on revenue, slipped into loss
approved 2020-06-10; registry 2020-06-29; journal 2020 507019
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKERSHUS LÅS OG SNEKKERSERVICE AS. Revenue 1.77m NOK → 914.6k NOK (-48.2%). Net result +6.14m NOK → -67.5k NOK. Equity -39.9k NOK → -107.4k NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKERSHUS LÅS OG SNEKKERSERVICE AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 2 235 NOK → 75.6k NOK (+3281.3% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.73× → 1.25×. Calculated
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Payroll decreased
Salary cost 5.30m NOK → 5.27m NOK (300% → 576% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.77m NOK to 914.6k NOK (-48.2% YoY). Calculated
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Operating result weakened
Operating result +223.1k NOK → -36.1k NOK (op. margin 12.6% → -3.9%). Calculated
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Fell into a net loss
Net result flipped from 6.14m NOK profit to a loss of 67.5k NOK. Calculated
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↓
Equity eroded
Book equity -39.9k NOK → -107.4k NOK (equity ratio -5.3% → -20.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -20.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 695.8k NOK → 304.0k NOK (-56.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 160.8k NOK → 18.8k NOK. Reported fact