Org.nr 987 582 715 2017 → 2018 Year-over-year analysis

2020PARK AS: årsregnskap 2018 vs 2017

Fresh owner capital

approved 2019-02-15; registry 2019-08-06; journal 2019 878730

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 2020PARK AS. Revenue 37.61m NOK → 39.22m NOK (+4.3%). Equity 44.25m NOK → 41.76m NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 2020PARK AS.

At a glance

Revenue

37.61m NOK 39.22m NOK

+4.3%

Operating result

+12.61m NOK +14.52m NOK

+15.1%

Equity

44.25m NOK 41.76m NOK

-5.6%

Cash

2.04m NOK 3.79m NOK

+85.6%

Total assets

599.33m NOK 578.84m NOK

-3.4%

↑
Revenue rose

Operating income / revenue moved from 37.61m NOK to 39.22m NOK (+4.3% YoY). Calculated
↑
Operating result improved

Operating result +12.61m NOK → +14.52m NOK (op. margin 33.5% → 37.0%). Calculated
↑
Cash rose

Bank deposits 2.04m NOK → 3.79m NOK (+85.6% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 28.00m NOK → 35.73m NOK (+7.72m NOK). Reported fact

↓
Equity eroded

Book equity 44.25m NOK → 41.76m NOK (equity ratio 7.4% → 7.2%). Calculated

·
Thin equity buffer

Equity ratio is 7.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 2.39m NOK → 2.60m NOK (6% → 7% of revenue). Calculated
·
COGS moved

COGS / varekostnad 8.38m NOK → 9.79m NOK (+16.9% YoY). Calculated
·
Book investments changed

Investment / intangible book value 375.72m NOK → 362.58m NOK. Reported fact