654 M.O.H AS: årsregnskap 2019 vs 2018
Grew 14% on revenue, weaker earnings, cash halved-plus
approved 2020-04-25; registry 2020-06-11; journal 2020 422272
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 654 M.O.H AS. Revenue 10.83m NOK → 12.32m NOK (+13.7%). Net result +947.9k NOK → +105.7k NOK. Equity 4.70m NOK → 5.80m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for 654 M.O.H AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.83m NOK to 12.32m NOK (+13.7% YoY). Calculated
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↑
Operating result improved
Operating result +1.22m NOK → +1.44m NOK (op. margin 11.2% → 11.7%). Calculated
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↑
Equity strengthened
Book equity 4.70m NOK → 5.80m NOK (equity ratio 70.8% → 80.3%). Calculated
What deteriorated
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↓
Net result weakened
Net result +947.9k NOK → +105.7k NOK (net margin 8.7% → 0.9%). Calculated
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↓
Cash fell
Bank deposits 2.71m NOK → 1.01m NOK (-62.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.71m NOK → 1.01m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 2.01m NOK → 2.22m NOK (19% → 18% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 6.15m NOK → 7.17m NOK (+16.6% YoY). Calculated