ADEKVAT VVS AS: årsregnskap 2019 vs 2018
Grew 31% on revenue, slipped into loss
approved 2020-08-25; registry 2020-09-23; journal 2020 849158
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADEKVAT VVS AS. Revenue 4 458 NOK → 5 852 NOK (+31.3%). Net result +359.5k NOK → -41.3k NOK. Equity 614.6k NOK → 573.3k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADEKVAT VVS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4 458 NOK to 5 852 NOK (+31.3% YoY). Calculated
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↑
Cash rose
Bank deposits 283.8k NOK → 723.2k NOK (+154.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +467.6k NOK → -37.2k NOK (op. margin 10488.0% → -635.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 359.5k NOK profit to a loss of 41.3k NOK. Calculated
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↓
Equity eroded
Book equity 614.6k NOK → 573.3k NOK (equity ratio 44.4% → 44.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 259 NOK → 2.16m NOK (28% → 36935% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.15m NOK → 2.20m NOK (+91.5% YoY). Calculated