ACTION TRANSPORT AS: årsregnskap 2019 vs 2018
Grew 9% on revenue, stronger earnings
approved 2020-08-31; registry 2020-10-20; journal 2020 954291
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACTION TRANSPORT AS. Revenue 37.30m NOK → 40.52m NOK (+8.6%). Net result +8 626 NOK → +5.79m NOK. Equity 5.50m NOK → 589.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ACTION TRANSPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 37.30m NOK to 40.52m NOK (+8.6% YoY). Calculated
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Operating result improved
Operating result +4 527 NOK → +1.01m NOK (op. margin 0.0% → 2.5%). Calculated
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Net result improved
Net result +8 626 NOK → +5.79m NOK (net margin 0.0% → 14.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 5.50m NOK → 589.5k NOK (equity ratio 60.6% → 6.7%). Calculated
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↓
Cash fell
Bank deposits 2.43m NOK → 1.88m NOK (-22.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 19.91m NOK → 21.34m NOK (53% → 53% of revenue). Calculated
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COGS fell
COGS / varekostnad 10.40m NOK → 9.95m NOK (-4.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.15m NOK → 1.12m NOK. Reported fact