A PAULSEN & SØNNER AS: årsregnskap 2019 vs 2018
Grew 35% on revenue, cash halved-plus
approved 2020-04-02; registry 2020-04-14; journal 2020 286860
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A PAULSEN & SØNNER AS. Revenue 8.66m NOK → 11.68m NOK (+34.9%). Equity 218.4k NOK → 1.90m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A PAULSEN & SØNNER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.66m NOK to 11.68m NOK (+34.9% YoY). Calculated
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↑
Equity strengthened
Book equity 218.4k NOK → 1.90m NOK (equity ratio 7.5% → 44.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.55× → 1.39×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 670.8k NOK → 32.4k NOK (-95.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.95m NOK → 2.44m NOK (23% → 21% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.79m NOK → 3.23m NOK (+80.3% YoY). Calculated