A. HØVIK EIENDOM AS: årsregnskap 2019 vs 2018
Weaker earnings, cash halved-plus
approved 2020-05-14; registry 2020-06-22; journal 2020 470752
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A. HØVIK EIENDOM AS. Revenue 8.95m NOK → 8.77m NOK (-2.0%). Net result +1.12m NOK → +560.0k NOK. Equity 11.24m NOK → 11.80m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A. HØVIK EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 11.24m NOK → 11.80m NOK (equity ratio 19.0% → 21.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.95m NOK to 8.77m NOK (-2.0% YoY). Calculated
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↓
Operating result weakened
Operating result +2.51m NOK → +2.13m NOK (op. margin 28.1% → 24.2%). Calculated
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↓
Net result weakened
Net result +1.12m NOK → +560.0k NOK (net margin 12.5% → 6.4%). Calculated
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↓
Cash fell
Bank deposits 1.76m NOK → 330.6k NOK (-81.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.11× → 0.74× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.76m NOK → 330.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 320.9k NOK → 80.4k NOK (-74.9% YoY). Calculated