ADSERØ BIL AS: årsregnskap 2019 vs 2018
Shrank 8% on revenue, weaker earnings
approved 2020-06-12; registry 2020-07-07; journal 2020 539753
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADSERØ BIL AS. Revenue 88.97m NOK → 82.24m NOK (-7.6%). Net result +5.96m NOK → +517.6k NOK. Equity 5.82m NOK → 6.29m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADSERØ BIL AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 5.82m NOK → 6.29m NOK (equity ratio 34.0% → 48.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 88.97m NOK to 82.24m NOK (-7.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +1.56m NOK → +962.0k NOK (op. margin 1.8% → 1.2%). Calculated
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↓
Net result weakened
Net result +5.96m NOK → +517.6k NOK (net margin 6.7% → 0.6%). Calculated
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↓
Cash fell
Bank deposits 143.8k NOK → 117.8k NOK (-18.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 3.19m NOK → 3.25m NOK (4% → 4% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 79.82m NOK → 74.10m NOK (-7.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 144.1k NOK → 1.60m NOK. Reported fact