A&B ELEKTRO INSTALLASJON AS: årsregnskap 2019 vs 2018
Grew 2804% on revenue, returned to profit
approved 2020-07-22; registry 2020-07-30; journal 2020 642420
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A&B ELEKTRO INSTALLASJON AS. Revenue 16.9k NOK → 491.4k NOK (+2804.3%). Net result -47.3k NOK → +186.9k NOK. Equity -56.8k NOK → 12.13m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A&B ELEKTRO INSTALLASJON AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 16.9k NOK to 491.4k NOK (+2804.3% YoY). Calculated
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Operating result improved
Operating result -47.3k NOK → +186.9k NOK (op. margin -279.8% → 38.0%). Calculated
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Turned profitable
Net result flipped from a loss of 47.3k NOK to a profit of 186.9k NOK. Calculated
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Equity strengthened
Book equity -56.8k NOK → 12.13m NOK (equity ratio -145.3% → 3834.6%). Calculated
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Cash rose
Bank deposits 34.0k NOK → 129.6k NOK (+281.7% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 40.0k NOK → 8 237 NOK (-79.4% YoY). Calculated