A-GAVE AS: årsregnskap 2019 vs 2018
Grew 9% on revenue
approved 2020-02-07; registry 2020-02-15; journal 2020 209659
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A-GAVE AS. Revenue 3.67m NOK → 4.01m NOK (+9.4%). Net result +319.4k NOK → +352.9k NOK. Equity 712.1k NOK → 11 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A-GAVE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.67m NOK to 4.01m NOK (+9.4% YoY). Calculated
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↑
Operating result improved
Operating result +334.6k NOK → +453.3k NOK (op. margin 9.1% → 11.3%). Calculated
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↑
Net result improved
Net result +319.4k NOK → +352.9k NOK (net margin 8.7% → 8.8%). Calculated
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↑
Cash rose
Bank deposits 904.4k NOK → 988.4k NOK (+9.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.20× → 2.84×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 712.1k NOK → 11 NOK (equity ratio 329.5% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 2.38m NOK → 2.59m NOK (+9.2% YoY). Calculated