AKERSPOSTEN MEDIA AS: årsregnskap 2019 vs 2018
Shrank 6% on revenue, weaker earnings
approved 2019-12-31; registry 2020-08-24; journal 2020 692624
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKERSPOSTEN MEDIA AS. Revenue 1.90m NOK → 1.80m NOK (-5.7%). Net result -49.0k NOK → -69.4k NOK. Equity -202.2k NOK → -271.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERSPOSTEN MEDIA AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 905.9k NOK → 828.6k NOK (48% → 46% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.90m NOK to 1.80m NOK (-5.7% YoY). Calculated
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↓
Operating result weakened
Operating result -49.0k NOK → -69.2k NOK (op. margin -2.6% → -3.9%). Calculated
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↓
Net result weakened
Net result -49.0k NOK → -69.4k NOK (net margin -2.6% → -3.9%). Calculated
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↓
Equity eroded
Book equity -202.2k NOK → -271.7k NOK (equity ratio -52.7% → -82.6%). Calculated
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↓
Cash fell
Bank deposits 104.1k NOK → 57.9k NOK (-44.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -82.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation