A/STAB AS: årsregnskap 2019 vs 2018
Grew 24% on revenue, weaker earnings
approved 2020-06-12; registry 2020-06-30; journal 2020 510313
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A/STAB AS. Revenue 22.92m NOK → 28.52m NOK (+24.4%). Net result +521.9k NOK → +394.5k NOK. Equity 2.36m NOK → 4.75m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A/STAB AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 22.92m NOK to 28.52m NOK (+24.4% YoY). Calculated
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↑
Equity strengthened
Book equity 2.36m NOK → 4.75m NOK (equity ratio 24.9% → 40.9%). Calculated
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↑
Cash rose
Bank deposits 2.30m NOK → 3.03m NOK (+31.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +822.9k NOK → +181.3k NOK (op. margin 3.6% → 0.6%). Calculated
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↓
Net result weakened
Net result +521.9k NOK → +394.5k NOK (net margin 2.3% → 1.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 17.07m NOK → 17.91m NOK (74% → 63% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 786.2k NOK → 346.4k NOK (-55.9% YoY). Calculated