1-2-3 BYGG VEST AS: årsregnskap 2019 vs 2018
Grew 13% on revenue, stronger earnings
approved 2019-12-31; registry 2020-09-28; journal 2020 872733
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 1-2-3 BYGG VEST AS. Revenue 1.34m NOK → 1.52m NOK (+12.8%). Net result +54.6k NOK → +168.2k NOK. Equity 32.6k NOK → 9.20m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 1-2-3 BYGG VEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.34m NOK to 1.52m NOK (+12.8% YoY). Calculated
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Net result improved
Net result +54.6k NOK → +168.2k NOK (net margin 4.1% → 11.1%). Calculated
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Equity strengthened
Book equity 32.6k NOK → 9.20m NOK (equity ratio 9.4% → 1953.5%). Calculated
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Cash rose
Bank deposits 134.0k NOK → 209.0k NOK (+55.9% YoY). Calculated
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Payroll decreased
Salary cost 3.12m NOK → 2 NOK (232% → 0% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 103.6k NOK → 35.9k NOK (-65.4% YoY). Calculated