WRK4ME AS: årsregnskap 2019 vs 2018
Shrank 23% on revenue, weaker earnings, cash halved-plus
approved 2020-08-28; registry 2020-09-16; journal 2020 822223
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for WRK4ME AS. Revenue 32.9k NOK → 25.5k NOK (-22.7%). Net result -54.0k NOK → -149.8k NOK. Equity -144.6k NOK → -294.4k 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 WRK4ME AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 76.2k NOK → 5 NOK (231% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 32.9k NOK to 25.5k NOK (-22.7% YoY). Calculated
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↓
Operating result weakened
Operating result -43.2k NOK → -131.7k NOK (op. margin -131.3% → -517.1%). Calculated
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↓
Net result weakened
Net result -54.0k NOK → -149.8k NOK (net margin -164.0% → -588.3%). Calculated
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↓
Equity eroded
Book equity -144.6k NOK → -294.4k NOK (equity ratio -22.3% → -51.0%). Calculated
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↓
Cash fell
Bank deposits 87.0k NOK → 109 NOK (-99.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -51.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation