A TITLESTAD AS: årsregnskap 2019 vs 2018
Grew 34% on revenue, stronger earnings, cash halved-plus
approved 2020-04-06; registry 2020-04-14; journal 2020 283375
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A TITLESTAD AS. Revenue 4.22m NOK → 5.64m NOK (+33.8%). Net result +91.2k NOK → +474.2k NOK. Equity 937.4k NOK → 1.01m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for A TITLESTAD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.22m NOK to 5.64m NOK (+33.8% YoY). Calculated
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Operating result improved
Operating result +114.1k NOK → +607.1k NOK (op. margin 2.7% → 10.8%). Calculated
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Net result improved
Net result +91.2k NOK → +474.2k NOK (net margin 2.2% → 8.4%). Calculated
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Equity strengthened
Book equity 937.4k NOK → 1.01m NOK (equity ratio 51.3% → 39.5%). Calculated
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Current ratio back above 1×
Current ratio 0.27× → 4.08×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 653.5k NOK → 85.4k NOK (-86.9% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 320.1k NOK → 2.22m NOK (+592.2% YoY). Calculated