A HILLESTAD AS: årsregnskap 2019 vs 2018
Stronger earnings, cash halved-plus
approved 2020-04-17; registry 2020-04-27; journal 2020 311805
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A HILLESTAD AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +13.5k NOK → +1.83m NOK. Equity 38.88m NOK → 34.01m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A HILLESTAD AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +13.5k NOK → +1.83m NOK. Calculated
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↑
Payroll decreased
Salary cost 1.43m NOK → 229.3k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1 279 NOK → -1.07m NOK. Calculated
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↓
Equity eroded
Book equity 38.88m NOK → 34.01m NOK (equity ratio 90.6% → 88.3%). Calculated
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↓
Cash fell
Bank deposits 25.59m NOK → 3.35m NOK (-86.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (25.59m NOK → 3.35m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 95.0k NOK → 8.10m NOK. Reported fact