A-FORM AS: årsregnskap 2019 vs 2018
Grew 91% on revenue
approved 2020-04-01; registry 2020-05-06; journal 2020 333459
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A-FORM AS. Revenue 2.75m NOK → 5.24m NOK (+90.8%). Net result +7 554 NOK → +15.0k NOK. Equity 104.5k NOK → 119.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for A-FORM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.75m NOK to 5.24m NOK (+90.8% YoY). Calculated
-
↑
Operating result improved
Operating result +29.6k NOK → +71.2k NOK (op. margin 1.1% → 1.4%). Calculated
-
↑
Net result improved
Net result +7 554 NOK → +15.0k NOK (net margin 0.3% → 0.3%). Calculated
-
↑
Equity strengthened
Book equity 104.5k NOK → 119.5k NOK (equity ratio 33.7% → 6.5%). Calculated
-
↑
Cash rose
Bank deposits 38.3k NOK → 170.1k NOK (+344.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 6.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1.09m NOK → 1.73m NOK (40% → 33% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 797.5k NOK → 360.8k NOK (-54.8% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 48.8k NOK → 18.8k NOK. Reported fact