2H ELEKTRO AS: årsregnskap 2019 vs 2018
Grew 15% on revenue
approved 2020-05-12; registry 2020-06-11; journal 2020 422978
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2H ELEKTRO AS. Revenue 1.58m NOK → 1.82m NOK (+15.4%). Equity 239.0k NOK → 192.8k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 2H ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.58m NOK to 1.82m NOK (+15.4% YoY). Calculated
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↑
Cash rose
Bank deposits 435.3k NOK → 442.6k NOK (+1.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.67m NOK → 684.4k NOK (232% → 38% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 239.0k NOK → 192.8k NOK (equity ratio 27.3% → 21.9%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 757.9k NOK → 949.6k NOK (+25.3% YoY). Calculated