A&B RENHOLD AS: årsregnskap 2019 vs 2018
Weaker earnings
approved 2020-08-31; registry 2020-09-15; journal 2020 815404
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A&B RENHOLD AS. Revenue 2.00m NOK → 2.01m NOK (+0.3%). Net result +57.1k NOK → +15.5k NOK. Equity -35.1k NOK → -50.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for A&B RENHOLD AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.00m NOK to 2.01m NOK (+0.3% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +49.6k NOK → +15.9k NOK (op. margin 2.5% → 0.8%). Calculated
-
↓
Net result weakened
Net result +57.1k NOK → +15.5k NOK (net margin 2.9% → 0.8%). Calculated
-
↓
Equity eroded
Book equity -35.1k NOK → -50.7k NOK (equity ratio -6.6% → -16.5%). Calculated
-
↓
Cash fell
Bank deposits 304.3k NOK → 268.2k NOK (-11.9% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -16.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1.71m NOK → 1.79m NOK (86% → 89% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 101.4k NOK → 33.7k NOK (-66.8% YoY). Calculated