ABC AUTORISERTE KJØRESKOLE AS: årsregnskap 2019 vs 2018
Grew 17% on revenue, stronger earnings
approved 2020-03-13; registry 2020-06-23; journal 2020 479551
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABC AUTORISERTE KJØRESKOLE AS. Revenue 3.21m NOK → 3.75m NOK (+16.7%). Net result +628.6k NOK → +771.7k NOK. Equity 208.9k NOK → 100.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ABC AUTORISERTE KJØRESKOLE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.21m NOK to 3.75m NOK (+16.7% YoY). Calculated
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Operating result improved
Operating result +818.7k NOK → +989.2k NOK (op. margin 25.5% → 26.4%). Calculated
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Net result improved
Net result +628.6k NOK → +771.7k NOK (net margin 19.6% → 20.6%). Calculated
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Current ratio back above 1×
Current ratio 0.87× → 1.02×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 208.9k NOK → 100.7k NOK (equity ratio 15.6% → 24.2%). Calculated
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Cash fell
Bank deposits 982.4k NOK → 897.7k NOK (-8.6% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.08m NOK → 1.62m NOK (34% → 43% of revenue). Calculated
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COGS fell
COGS / varekostnad 350.3k NOK → 58.6k NOK (-83.3% YoY). Calculated