+ ARK AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, stronger earnings
approved 2020-05-14; registry 2020-05-25; journal 2020 367195
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for + ARK AS. Revenue 967.5k NOK → 1 158 NOK (-99.9%). Net result +14.0k NOK → +175.1k NOK. Equity 10.61m NOK → 10.79m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for + ARK AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +14.0k NOK → +175.1k NOK (net margin 1.4% → 15123.4%). Calculated
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Equity strengthened
Book equity 10.61m NOK → 10.79m NOK (equity ratio 1318.8% → 30369.3%). Calculated
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Cash rose
Bank deposits 270.5k NOK → 462.0k NOK (+70.8% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 967.5k NOK to 1 158 NOK (-99.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 4.03× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 2 NOK → 741.1k NOK (0% → 64002% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 15.0k NOK → 8 100 NOK. Reported fact