A2 EIENDOM AS: årsregnskap 2019 vs 2018
Stronger earnings
approved 2020-06-30; registry 2020-09-05; journal 2020 760234
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A2 EIENDOM AS. Revenue 1.95m NOK → 1.93m NOK (-1.1%). Net result +172.3k NOK → +363.5k NOK. Equity 812.3k NOK → 1 175 NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A2 EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +371.3k NOK → +403.0k NOK (op. margin 19.0% → 20.9%). Calculated
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↑
Net result improved
Net result +172.3k NOK → +363.5k NOK (net margin 8.8% → 18.8%). Calculated
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↑
Cash rose
Bank deposits 589.3k NOK → 950.2k NOK (+61.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 962.9k NOK → 1 058 NOK (49% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.95m NOK to 1.93m NOK (-1.1% YoY). Calculated
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↓
Equity eroded
Book equity 812.3k NOK → 1 175 NOK (equity ratio 30.3% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 132.9k NOK → 29.4k NOK (-77.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 300.5k NOK → 330.5k NOK. Reported fact