A/S Hovinveien 7 og 9: årsregnskap 2019 vs 2018
Grew 186% on revenue
approved 2020-06-20; registry 2020-07-02; journal 2020 527467
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A/S Hovinveien 7 og 9. Revenue 549.7k NOK → 1.57m NOK (+186.4%). Net result -68.3k NOK → -57.4k NOK. Equity -659.5k NOK → -716.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for A/S Hovinveien 7 og 9.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 549.7k NOK to 1.57m NOK (+186.4% YoY). Calculated
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↑
Operating result improved
Operating result +94.6k NOK → +110.1k NOK (op. margin 17.2% → 7.0%). Calculated
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↑
Net result improved
Net result -68.3k NOK → -57.4k NOK (net margin -12.4% → -3.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -659.5k NOK → -716.8k NOK (equity ratio -14.9% → -17.3%). Calculated
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↓
Cash fell
Bank deposits 596.3k NOK → 446.8k NOK (-25.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -17.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 18.0k NOK → 30.0k NOK (3% → 2% of revenue). Calculated