ADVANCED MACHINE COMPANY AS: årsregnskap 2019 vs 2018
Grew 16% on revenue, stronger earnings
approved 2020-04-04; registry 2020-05-11; journal 2020 342758
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVANCED MACHINE COMPANY AS. Revenue 26.79m NOK → 31.00m NOK (+15.7%). Net result +506.3k NOK → +670.4k NOK. Equity 2.19m NOK → 6.61m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVANCED MACHINE COMPANY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 26.79m NOK to 31.00m NOK (+15.7% YoY). Calculated
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Net result improved
Net result +506.3k NOK → +670.4k NOK (net margin 1.9% → 2.2%). Calculated
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Equity strengthened
Book equity 2.19m NOK → 6.61m NOK (equity ratio 12.4% → 28.7%). Calculated
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Cash rose
Bank deposits 13.69m NOK → 17.72m NOK (+29.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +530.0k NOK → +210.3k NOK (op. margin 2.0% → 0.7%). Calculated
Things to notice
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Payroll increased
Salary cost 6.38m NOK → 7.89m NOK (24% → 25% of revenue). Calculated
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COGS fell
COGS / varekostnad 17.04m NOK → 12.93m NOK (-24.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 74.5k NOK → 10.2k NOK. Reported fact