A. VARHAUG HOLDING AS: årsregnskap 2019 vs 2018
Cash halved-plus
approved 2020-08-31; registry 2020-09-24; journal 2020 853950
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A. VARHAUG HOLDING AS. Equity 8.80m NOK → 6.50m NOK.
On the constructive side: operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for A. VARHAUG HOLDING AS.
At a glance
Scorecard
Operating result
-142.1k NOK
-115.4k NOK
+18.8%
Net result
n/m
+804.5k NOK
—
Equity
8.80m NOK
6.50m NOK
-26.1%
Cash
5.32m NOK
1.67m NOK
-68.6%
Total assets
8.92m NOK
7.52m NOK
-15.7%
What improved
-
↑
Operating result improved
Operating result -142.1k NOK → -115.4k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 8.80m NOK → 6.50m NOK (equity ratio 98.6% → 86.4%). Calculated
-
↓
Cash fell
Bank deposits 5.32m NOK → 1.67m NOK (-68.6% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.32m NOK → 1.67m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation