FirmaIQ
Org.nr 912 808 297 2018 → 2019 Year-over-year analysis

ADOLF HORNELAND AS: årsregnskap 2019 vs 2018

Grew 108% on revenue

approved 2020-03-02; registry 2020-03-04; journal 2020 227734

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADOLF HORNELAND AS. Revenue 318.7k NOK → 663.0k NOK (+108.1%). Net result +666.5k NOK → +557.6k NOK. Equity 4.76m NOK → 5.32m NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADOLF HORNELAND AS.

At a glance

Scorecard

Revenue
318.7k NOK 663.0k NOK
+108.1%
Operating result
+20.0k NOK +416.2k NOK
+1980.5%
Net result
+666.5k NOK +557.6k NOK
-16.3%
Equity
4.76m NOK 5.32m NOK
+11.7%
Cash
343.3k NOK 868.8k NOK
+153.1%
Total assets
6.67m NOK 6.37m NOK
-4.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 318.7k NOK to 663.0k NOK (+108.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +20.0k NOK → +416.2k NOK (op. margin 6.3% → 62.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 4.76m NOK → 5.32m NOK (equity ratio 71.3% → 83.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 343.3k NOK → 868.8k NOK (+153.1% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +666.5k NOK → +557.6k NOK (net margin 209.2% → 84.1%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 726 NOK → 619.7k NOK (0% → 93% of revenue). Calculated