AB HAGE & GRAVESERVICE AS: årsregnskap 2019 vs 2018
Shrank 33% on revenue, stronger earnings, cash halved-plus
approved 2020-04-20; registry 2020-04-23; journal 2020 306540
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AB HAGE & GRAVESERVICE AS. Revenue 3.57m NOK → 2.40m NOK (-32.6%). Net result +5 274 NOK → +110.8k NOK. Equity -740.7k NOK → -629.9k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AB HAGE & GRAVESERVICE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +12.1k NOK → +119.7k NOK (op. margin 0.3% → 5.0%). Calculated
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Net result improved
Net result +5 274 NOK → +110.8k NOK (net margin 0.1% → 4.6%). Calculated
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Equity strengthened
Book equity -740.7k NOK → -629.9k NOK (equity ratio 286.7% → 222.7%). Calculated
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Payroll decreased
Salary cost 7.00m NOK → 808.2k NOK (196% → 34% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.57m NOK to 2.40m NOK (-32.6% YoY). Calculated
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Cash fell
Bank deposits 185.7k NOK → -123.6k NOK (-166.6% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 658.9k NOK → 503.1k NOK (-23.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 160.0k NOK → 120.0k NOK. Reported fact