TAVARE AS: årsregnskap 2019 vs 2018
Shrank 85% on revenue, slipped into loss, cash halved-plus
approved 2021-03-22; registry 2021-04-12; journal 2021 194067
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for TAVARE AS. Revenue 182.7k NOK → 28.2k NOK (-84.6%). Net result +31.4k NOK → -74.3k NOK. Equity -10.3k NOK → -84.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for TAVARE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 75.2k NOK → 40.7k NOK (41% → 144% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 182.7k NOK to 28.2k NOK (-84.6% YoY). Calculated
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↓
Operating result weakened
Operating result +37.0k NOK → -74.3k NOK (op. margin 20.3% → -263.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 31.4k NOK profit to a loss of 74.3k NOK. Calculated
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↓
Equity eroded
Book equity -10.3k NOK → -84.5k NOK (equity ratio -84.9% → -338176.0%). Calculated
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↓
Cash fell
Bank deposits 7 251 NOK → 25 NOK (-99.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -338176.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation