A/S Edvardsen Eiendom: årsregnskap 2019 vs 2018
Shrank 12% on revenue, weaker earnings, cash halved-plus
approved 2020-04-27; registry 2020-05-02; journal 2020 322255
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A/S Edvardsen Eiendom. Revenue 882.3k NOK → 776.9k NOK (-12.0%). Net result +496.9k NOK → +153.0k NOK. Equity 4.48m NOK → 4.64m NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A/S Edvardsen Eiendom.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 4.48m NOK → 4.64m NOK (equity ratio 54.0% → 54.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.06× → 7.57×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 882.3k NOK to 776.9k NOK (-12.0% YoY). Calculated
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↓
Operating result weakened
Operating result +724.6k NOK → +240.3k NOK (op. margin 82.1% → 30.9%). Calculated
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↓
Net result weakened
Net result +496.9k NOK → +153.0k NOK (net margin 56.3% → 19.7%). Calculated
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↓
Cash fell
Bank deposits 904.2k NOK → 157.3k NOK (-82.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 2.20m NOK → 2.26m NOK. Reported fact