A H E HANDEL AS: årsregnskap 2019 vs 2018
Shrank 85% on revenue, returned to profit
approved 2020-06-18; registry 2020-06-27; journal 2020 495647
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A H E HANDEL AS. Revenue 989.2k NOK → 143.6k NOK (-85.5%). Net result -233.5k NOK → +173.9k NOK. Equity -72.8k NOK → -72.8k NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A H E HANDEL AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -232.8k NOK → +173.9k NOK (op. margin -23.5% → 121.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 233.5k NOK to a profit of 173.9k NOK. Calculated
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Cash rose
Bank deposits 241.4k NOK → 487.1k NOK (+101.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 989.2k NOK to 143.6k NOK (-85.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 4 245 NOK → 263.3k NOK (0% → 183% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 292.3k NOK → 120.8k NOK (-58.7% YoY). Calculated