A. LANGSETH HOLDING AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, stronger earnings
approved 2020-06-08; registry 2020-06-17; journal 2020 446889
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A. LANGSETH HOLDING AS. Revenue 131.2k NOK → 131 NOK (-99.9%). Net result +290.5k NOK → +1.04m NOK. Equity 271.3k NOK → 314.1k NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A. LANGSETH HOLDING AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +290.5k NOK → +1.04m NOK (net margin 221.5% → 795980.2%). Calculated
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Equity strengthened
Book equity 271.3k NOK → 314.1k NOK (equity ratio 54.4% → 59.6%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 131.2k NOK to 131 NOK (-99.9% YoY). Calculated
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Operating result weakened
Operating result +110.8k NOK → -24.2k NOK (op. margin 84.5% → -18494.7%). Calculated
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Cash fell
Bank deposits 234.6k NOK → 222.9k NOK (-5.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 15.72× → 0.49× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 255.0k NOK → 410.4k NOK. Reported fact