ADDO LOGISTIKK AS: årsregnskap 2019 vs 2018
Grew 240238% on revenue, stronger earnings, cash halved-plus
approved 2020-06-04; registry 2020-06-17; journal 2020 436787
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADDO LOGISTIKK AS. Revenue 6 826 NOK → 16.41m NOK (+240238.1%). Net result +299.6k NOK → +551.2k NOK. Equity 321.2k NOK → 872.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADDO LOGISTIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6 826 NOK to 16.41m NOK (+240238.1% YoY). Calculated
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Operating result improved
Operating result +386.6k NOK → +707.7k NOK (op. margin 5664.1% → 4.3%). Calculated
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Net result improved
Net result +299.6k NOK → +551.2k NOK (net margin 4389.3% → 3.4%). Calculated
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Equity strengthened
Book equity 321.2k NOK → 872.4k NOK (equity ratio 12.9% → 25.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 766.9k NOK → 238.9k NOK (-68.8% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 010 NOK → 2.92m NOK (15% → 18% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5 189 NOK → 12.32m NOK (+237243.1% YoY). Calculated