A.HILDONEN BAKERI & KONDITORI AS: årsregnskap 2019 vs 2018
Weaker earnings, cash halved-plus
approved 2020-02-25; registry 2020-03-05; journal 2020 228821
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A.HILDONEN BAKERI & KONDITORI AS. Revenue 8.55m NOK → 8.27m NOK (-3.2%). Net result +60.2k NOK → +44.8k NOK. Equity -7 984 NOK → 36.8k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A.HILDONEN BAKERI & KONDITORI AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity -7 984 NOK → 36.8k NOK (equity ratio -0.4% → 2.0%). Calculated
-
↑
Payroll decreased
Salary cost 3.97m NOK → 3.75m NOK (46% → 45% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 8.55m NOK to 8.27m NOK (-3.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +86.6k NOK → +70.5k NOK (op. margin 1.0% → 0.9%). Calculated
-
↓
Net result weakened
Net result +60.2k NOK → +44.8k NOK (net margin 0.7% → 0.5%). Calculated
-
↓
Cash fell
Bank deposits 764.6k NOK → 12.3k NOK (-98.4% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 2.03m NOK → 1.93m NOK (-5.2% YoY). Calculated