A-TECH PROFFSERVICE AS: årsregnskap 2019 vs 2018
Grew 233% on revenue, returned to profit, cash halved-plus
approved 2020-09-30; registry 2020-10-14; journal 2020 935372
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A-TECH PROFFSERVICE AS. Revenue 500 NOK → 1 667 NOK (+233.4%). Net result -100.0k NOK → +2.59m NOK. Equity -3.54m NOK → -403.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A-TECH PROFFSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 500 NOK to 1 667 NOK (+233.4% YoY). Calculated
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Operating result improved
Operating result -100.0k NOK → +2.44m NOK (op. margin -20000.0% → 146367.1%). Calculated
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Turned profitable
Net result flipped from a loss of 100.0k NOK to a profit of 2.59m NOK. Calculated
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↑
Equity strengthened
Book equity -3.54m NOK → -403.4k NOK (equity ratio -667.9% → -55.9%). Calculated
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Owners injected capital
Paid-in equity rose 221.1k NOK → 767.1k NOK (+546.0k NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 3 877 NOK → 588 NOK (-84.8% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 7 531 NOK → 2.00m NOK. Reported fact