FirmaIQ
Org.nr 919 212 594 2018 → 2019 Year-over-year analysis

ADOLFSEN BÅTBYGGERI AS: årsregnskap 2019 vs 2018

Grew 16% on revenue, returned to profit, cash halved-plus

approved 2020-03-04; registry 2020-07-06; journal 2020 546944

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADOLFSEN BÅTBYGGERI AS. Revenue 2.72m NOK → 3.15m NOK (+15.7%). Net result -51.0k NOK → +484.8k NOK. Equity 368.3k NOK → 853.2k NOK.

On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADOLFSEN BÅTBYGGERI AS.

At a glance

Scorecard

Revenue
2.72m NOK 3.15m NOK
+15.7%
Operating result
n/m +706.6k NOK
—
Net result
-51.0k NOK +484.8k NOK
+1050.0%
Equity
368.3k NOK 853.2k NOK
+131.6%
Cash
305.2k NOK 131.7k NOK
-56.8%
Total assets
3.66m NOK 4.14m NOK
+12.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.72m NOK to 3.15m NOK (+15.7% YoY). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 51.0k NOK to a profit of 484.8k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 368.3k NOK → 853.2k NOK (equity ratio 10.1% → 20.6%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.21m NOK → 1.20m NOK (44% → 38% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 305.2k NOK → 131.7k NOK (-56.8% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 650.1k NOK → 402.8k NOK (-38.0% YoY). Calculated