A HELGELAND BETONG AS: årsregnskap 2019 vs 2018
Shrank 34% on revenue, slipped into loss
approved 2020-08-27; registry 2020-09-05; journal 2020 740054
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A HELGELAND BETONG AS. Revenue 15.45m NOK → 10.27m NOK (-33.5%). Net result +852.1k NOK → -503.5k NOK. Equity -937.2k NOK → -1.44m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A HELGELAND BETONG AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 15.45m NOK to 10.27m NOK (-33.5% YoY). Calculated
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Operating result weakened
Operating result +20.5k NOK → -329.5k NOK (op. margin 0.1% → -3.2%). Calculated
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Fell into a net loss
Net result flipped from 852.1k NOK profit to a loss of 503.5k NOK. Calculated
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Equity eroded
Book equity -937.2k NOK → -1.44m NOK (equity ratio -33.7% → -45.5%). Calculated
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Payroll up without matching revenue
Salary cost 4.38m NOK → 5.15m NOK (28% → 50% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -45.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 8.30m NOK → 3.20m NOK (-61.4% YoY). Calculated