A O GREVSTAD EIENDOMSDRIFT AS: årsregnskap 2019 vs 2018
Shrank 21% on revenue
approved 2020-07-08; registry 2020-08-22; journal 2020 687082
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A O GREVSTAD EIENDOMSDRIFT AS. Revenue 3.30m NOK → 2.61m NOK (-20.9%). Equity 42.4k NOK → -43.2k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A O GREVSTAD EIENDOMSDRIFT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 65.5k NOK → 147.9k NOK (+125.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.36m NOK → 1.82m NOK (71% → 70% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.30m NOK to 2.61m NOK (-20.9% YoY). Calculated
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↓
Equity eroded
Book equity 42.4k NOK → -43.2k NOK (equity ratio 1.8% → -1.9%). Calculated
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↓
COGS moved
COGS / varekostnad 241.1k NOK → 357.6k NOK (+48.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 5 476 NOK → 101 NOK. Reported fact