AEKO EIENDOMSUTVIKLING AS: årsregnskap 2019 vs 2018
Shrank 44% on revenue, weaker earnings, cash halved-plus
approved 2020-05-06; registry 2020-05-12; journal 2020 345758
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AEKO EIENDOMSUTVIKLING AS. Revenue 72.88m NOK → 40.54m NOK (-44.4%). Net result +6.37m NOK → +1.58m NOK. Equity 17.33m NOK → 22.91m NOK.
On the constructive side: equity strengthened; owners injected capital; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AEKO EIENDOMSUTVIKLING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 17.33m NOK → 22.91m NOK (equity ratio 27.8% → 29.7%). Calculated
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Owners injected capital
Paid-in equity rose 4.00m NOK → 8.00m NOK (+4.00m NOK). Reported fact
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Payroll decreased
Salary cost 1.72m NOK → 1.49m NOK (2% → 4% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 72.88m NOK to 40.54m NOK (-44.4% YoY). Calculated
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Net result weakened
Net result +6.37m NOK → +1.58m NOK (net margin 8.7% → 3.9%). Calculated
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↓
Cash fell
Bank deposits 11.03m NOK → 2.52m NOK (-77.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (11.03m NOK → 2.52m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 61.31m NOK → 34.96m NOK (-43.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 500.0k NOK → 500 NOK. Reported fact