Org.nr 912 493 865 2018 → 2019 Year-over-year analysis

A. OLUFSEN SHIP & OFFSHORE AS: årsregnskap 2019 vs 2018

Grew 23% on revenue

approved 2020-08-28; registry 2020-09-19; journal 2020 828164

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for A. OLUFSEN SHIP & OFFSHORE AS. Revenue 45.60m NOK → 56.13m NOK (+23.1%). Equity 4.76m NOK → 4.18m NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: equity eroded; cash fell.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for A. OLUFSEN SHIP & OFFSHORE AS.

At a glance

Revenue

45.60m NOK 56.13m NOK

+23.1%

Operating result

n/m -554.2k NOK

—

Net result

n/m -578.4k NOK

—

Equity

4.76m NOK 4.18m NOK

-12.2%

Cash

2.62m NOK 1.48m NOK

-43.5%

Total assets

11.62m NOK 12.59m NOK

+8.3%

↑
Revenue rose

Operating income / revenue moved from 45.60m NOK to 56.13m NOK (+23.1% YoY). Calculated
↑
Payroll decreased

Salary cost 25.72m NOK → 25.60m NOK (56% → 46% of revenue). Calculated

↓
Equity eroded

Book equity 4.76m NOK → 4.18m NOK (equity ratio 40.9% → 33.2%). Calculated
↓
Cash fell

Bank deposits 2.62m NOK → 1.48m NOK (-43.5% YoY). Calculated

·
COGS moved

COGS / varekostnad 10.50m NOK → 20.47m NOK (+94.8% YoY). Calculated