ADSERØ BILVERKSTED AS: årsregnskap 2019 vs 2018
Grew 6% on revenue, stronger earnings
approved 2020-06-12; registry 2020-07-07; journal 2020 539773
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADSERØ BILVERKSTED AS. Revenue 12.19m NOK → 12.93m NOK (+6.0%). Net result +680.4k NOK → +1.12m NOK. Equity 885.6k NOK → 1 107 NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADSERØ BILVERKSTED AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 12.19m NOK to 12.93m NOK (+6.0% YoY). Calculated
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Net result improved
Net result +680.4k NOK → +1.12m NOK (net margin 5.6% → 8.7%). Calculated
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Cash rose
Bank deposits 178.8k NOK → 353.8k NOK (+97.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +893.6k NOK → +459.0k NOK (op. margin 7.3% → 3.6%). Calculated
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↓
Equity eroded
Book equity 885.6k NOK → 1 107 NOK (equity ratio 20.7% → 0.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 3.36m NOK → 3.55m NOK (28% → 27% of revenue). Calculated
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COGS moved
COGS / varekostnad 4.45m NOK → 4.46m NOK (+0.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 40.3k NOK → 3 100 NOK. Reported fact