A C SMITH & CO AS: årsregnskap 2019 vs 2018
Grew 22% on revenue, cash halved-plus
approved 2020-06-30; registry 2020-07-08; journal 2020 549582
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A C SMITH & CO AS. Revenue 40.74m NOK → 49.83m NOK (+22.3%). Equity 10.29m NOK → 3.72m NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for A C SMITH & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 40.74m NOK to 49.83m NOK (+22.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 10.29m NOK → 3.72m NOK (equity ratio 41.6% → 20.7%). Calculated
-
↓
Cash fell
Bank deposits 13.91m NOK → 2.51m NOK (-82.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (13.91m NOK → 2.51m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 14.57m NOK → 15.92m NOK (36% → 32% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 19.61m NOK → 30.04m NOK (+53.2% YoY). Calculated