A BRANDTH AS: årsregnskap 2019 vs 2018
Grew 8% on revenue, cash halved-plus
approved 2019-12-31; registry 2020-06-03; journal 2020 385602
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A BRANDTH AS. Revenue 4.46m NOK → 4.84m NOK (+8.3%). Equity 1.69m NOK → 1.45m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for A BRANDTH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.46m NOK to 4.84m NOK (+8.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 9.12m NOK → 1.08m NOK (204% → 22% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.69m NOK → 1.45m NOK (equity ratio 49.3% → 49.3%). Calculated
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↓
Cash fell
Bank deposits 3.90m NOK → 913.6k NOK (-76.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.90m NOK → 913.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 2.49m NOK → 2.64m NOK (+6.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 27.6k NOK → 20.8k NOK. Reported fact