A. M. PETTERSEN EIENDOM AS: årsregnskap 2019 vs 2018
Grew 163% on revenue, returned to profit, cash halved-plus
approved 2020-02-25; registry 2020-04-02; journal 2020 272326
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A. M. PETTERSEN EIENDOM AS. Revenue 132.0k NOK → 347.7k NOK (+163.4%). Net result -107.0k NOK → +76.2k NOK. Equity 3.96m NOK → 4.03m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for A. M. PETTERSEN EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 132.0k NOK to 347.7k NOK (+163.4% YoY). Calculated
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Operating result improved
Operating result -145.9k NOK → +80.5k NOK (op. margin -110.6% → 23.2%). Calculated
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Turned profitable
Net result flipped from a loss of 107.0k NOK to a profit of 76.2k NOK. Calculated
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Equity strengthened
Book equity 3.96m NOK → 4.03m NOK (equity ratio 79.9% → 79.8%). Calculated
What deteriorated
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Cash fell
Bank deposits 1.10m NOK → 155.7k NOK (-85.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 17.50× → 0.94× — 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 (1.10m NOK → 155.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 55.6k NOK → 71.8k NOK (42% → 21% of revenue). Calculated
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Book investments changed
Investment / intangible book value 238.5k NOK → 201.3k NOK. Reported fact