FirmaIQ
Org.nr 958 466 013 2018 → 2019 Year-over-year analysis

ACCOUNTOR VAT-SERVICE AS: årsregnskap 2019 vs 2018

Grew 8% on revenue, stronger earnings

approved 2020-04-15; registry 2020-05-13; journal 2020 349724

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ACCOUNTOR VAT-SERVICE AS. Revenue 2.76m NOK → 2.99m NOK (+8.3%). Net result +626.1k NOK → +819.9k NOK. Equity 175.7k NOK → 177.8k NOK.

On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCOUNTOR VAT-SERVICE AS.

At a glance

Scorecard

Revenue
2.76m NOK 2.99m NOK
+8.3%
Operating result
+815.4k NOK +1 077 NOK
-99.9%
Net result
+626.1k NOK +819.9k NOK
+31.0%
Equity
175.7k NOK 177.8k NOK
+1.2%
Cash
40.3k NOK 40.1k NOK
-0.3%
Total assets
2.31m NOK 3.34m NOK
+44.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.76m NOK to 2.99m NOK (+8.3% YoY). Calculated

  • ↑

    Net result improved

    Net result +626.1k NOK → +819.9k NOK (net margin 22.7% → 27.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 175.7k NOK → 177.8k NOK (equity ratio 7.6% → 5.3%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.88m NOK → 1.81m NOK (68% → 60% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +815.4k NOK → +1 077 NOK (op. margin 29.5% → 0.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 5.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation