ADDED VALUE IT AS: årsregnskap 2019 vs 2018
Grew 33% on revenue, weaker earnings
approved 2020-06-24; registry 2020-07-06; journal 2020 536054
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADDED VALUE IT AS. Revenue 2.61m NOK → 3.47m NOK (+33.0%). Net result +570.0k NOK → +389.8k NOK. Equity 3.39m NOK → 3.78m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADDED VALUE IT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.61m NOK to 3.47m NOK (+33.0% YoY). Calculated
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↑
Equity strengthened
Book equity 3.39m NOK → 3.78m NOK (equity ratio 66.5% → 60.0%). Calculated
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↑
Cash rose
Bank deposits 3.56m NOK → 5.45m NOK (+53.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +721.3k NOK → +472.4k NOK (op. margin 27.6% → 13.6%). Calculated
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↓
Net result weakened
Net result +570.0k NOK → +389.8k NOK (net margin 21.8% → 11.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.67m NOK → 2.74m NOK (64% → 79% of revenue). Calculated