A. THORESEN SERVICEVERKSTED AS: årsregnskap 2019 vs 2018
Stronger earnings
approved 2020-05-19; registry 2020-06-03; journal 2020 381796
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A. THORESEN SERVICEVERKSTED AS. Revenue 26.24m NOK → 27.44m NOK (+4.6%). Net result +1 124 NOK → +1.92m NOK. Equity 7.76m NOK → 9.68m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for A. THORESEN SERVICEVERKSTED AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 26.24m NOK to 27.44m NOK (+4.6% YoY). Calculated
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Operating result improved
Operating result +365.1k NOK → +2.28m NOK (op. margin 1.4% → 8.3%). Calculated
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Net result improved
Net result +1 124 NOK → +1.92m NOK (net margin 0.0% → 7.0%). Calculated
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Equity strengthened
Book equity 7.76m NOK → 9.68m NOK (equity ratio 47.3% → 46.0%). Calculated
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Cash rose
Bank deposits 4.30m NOK → 6.04m NOK (+40.5% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.93m NOK → 2.15m NOK (7% → 8% of revenue). Calculated
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COGS fell
COGS / varekostnad 21.59m NOK → 21.40m NOK (-0.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 50.0k NOK → 10.0k NOK. Reported fact