A&B PLAN AS: årsregnskap 2019 vs 2018
Grew 64% on revenue, weaker earnings
approved 2020-03-02; registry 2020-07-07; journal 2020 555062
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A&B PLAN AS. Revenue 267.0k NOK → 436.6k NOK (+63.5%). Net result +19.3k NOK → +4 877 NOK. Equity 5 112 NOK → 9 989 NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A&B PLAN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 267.0k NOK to 436.6k NOK (+63.5% YoY). Calculated
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↑
Operating result improved
Operating result -26.4k NOK → +8 964 NOK (op. margin -9.9% → 2.1%). Calculated
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↑
Equity strengthened
Book equity 5 112 NOK → 9 989 NOK (equity ratio 10.2% → 2.9%). Calculated
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↑
Cash rose
Bank deposits 25.3k NOK → 116.3k NOK (+359.5% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +19.3k NOK → +4 877 NOK (net margin 7.2% → 1.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 180 NOK → 208.8k NOK (0% → 48% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 68.5k NOK → 116.1k NOK (+69.5% YoY). Calculated