FirmaIQ
Org.nr 930 664 758 2019 → 2020 Year-over-year analysis

A HILLESTAD AS: årsregnskap 2020 vs 2019

Cash halved-plus

approved 2021-05-20; registry 2021-06-22; journal 2021 384838

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A HILLESTAD AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +1.83m NOK → +1.85m NOK. Equity 34.01m NOK → 33.29m NOK.

On the constructive side: operating result improved. Pressures included: equity eroded; cash fell; payroll up without matching revenue.

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

Revenue
0 NOK 0 NOK
0.0%
Operating result
-1.07m NOK -1.07m NOK
+0.2%
Net result
+1.83m NOK +1.85m NOK
+1.4%
Equity
34.01m NOK 33.29m NOK
-2.1%
Cash
3.35m NOK 635.5k NOK
-81.0%
Total assets
38.53m NOK 34.52m NOK
-10.4%

What improved

  • ↑

    Operating result improved

    Operating result -1.07m NOK → -1.07m NOK. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 34.01m NOK → 33.29m NOK (equity ratio 88.3% → 96.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.35m NOK → 635.5k NOK (-81.0% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 229.3k NOK → 299.7k NOK. Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (3.35m NOK → 635.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 8.10m NOK → 1.09m NOK. Reported fact