AD BYGG & VVS AS: årsregnskap 2019 vs 2018
Shrank 30% on revenue, stronger earnings
approved 2020-05-31; registry 2020-07-13; journal 2020 581646
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AD BYGG & VVS AS. Revenue 857.0k NOK → 600.7k NOK (-29.9%). Net result +7 NOK → +7.44m NOK. Equity -434.1k NOK → 5 689 NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AD BYGG & VVS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -306.2k NOK → +572.2k NOK (op. margin -35.7% → 95.3%). Calculated
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↑
Net result improved
Net result +7 NOK → +7.44m NOK (net margin 0.0% → 1238.6%). Calculated
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↑
Equity strengthened
Book equity -434.1k NOK → 5 689 NOK (equity ratio -248.8% → 6.4%). Calculated
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↑
Cash rose
Bank deposits 509 NOK → 174.5k NOK (+34184.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 672.4k NOK → -61.1k NOK (78% → -10% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 857.0k NOK to 600.7k NOK (-29.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 417.5k NOK → 71.0k NOK (-83.0% YoY). Calculated