AB ELEKTRISK AS: årsregnskap 2019 vs 2018
Grew 1478% on revenue, stronger earnings
approved 2020-09-02; registry 2020-09-12; journal 2020 800721
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AB ELEKTRISK AS. Revenue 406.9k NOK → 6.42m NOK (+1477.7%). Net result +643 NOK → +36.7k NOK. Equity 977.8k NOK → 14.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AB ELEKTRISK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 406.9k NOK to 6.42m NOK (+1477.7% YoY). Calculated
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Operating result improved
Operating result +13.2k NOK → +76.0k NOK (op. margin 3.2% → 1.2%). Calculated
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Net result improved
Net result +643 NOK → +36.7k NOK (net margin 0.2% → 0.6%). Calculated
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Cash rose
Bank deposits 20.3k NOK → 437.1k NOK (+2054.3% YoY). Calculated
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Payroll decreased
Salary cost 2.93m NOK → 2.83m NOK (720% → 44% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 977.8k NOK → 14.5k NOK (equity ratio 25.3% → 0.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 2.69m NOK → 2.09m NOK (-22.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 45.8k NOK → 35.8k NOK. Reported fact