A-VET SMÅDYRKLINIKK AS: årsregnskap 2019 vs 2018
Grew 19% on revenue, weaker earnings
approved 2020-06-24; registry 2020-07-02; journal 2020 519549
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A-VET SMÅDYRKLINIKK AS. Revenue 8.79m NOK → 10.47m NOK (+19.1%). Net result -55.3k NOK → -85.1k NOK. Equity 549.7k NOK → 464.6k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for A-VET SMÅDYRKLINIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.79m NOK to 10.47m NOK (+19.1% YoY). Calculated
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↑
Cash rose
Bank deposits 117.5k NOK → 141.3k NOK (+20.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +15.7k NOK → -57.8k NOK (op. margin 0.2% → -0.6%). Calculated
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↓
Net result weakened
Net result -55.3k NOK → -85.1k NOK (net margin -0.6% → -0.8%). Calculated
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↓
Equity eroded
Book equity 549.7k NOK → 464.6k NOK (equity ratio 17.8% → 12.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.91m NOK → 4.63m NOK (44% → 44% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.14m NOK → 2.77m NOK (+29.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 81.5k NOK → 0 NOK. Reported fact