AEKO GRUPPEN AS: årsregnskap 2019 vs 2018
Grew 124% on revenue, weaker earnings, cash halved-plus
approved 2020-05-06; registry 2020-05-12; journal 2020 345824
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AEKO GRUPPEN AS. Revenue 365.4k NOK → 818.4k NOK (+124.0%). Net result +6.20m NOK → +1.40m NOK. Equity 10.32m NOK → 12.00m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for AEKO GRUPPEN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 365.4k NOK to 818.4k NOK (+124.0% YoY). Calculated
-
↑
Equity strengthened
Book equity 10.32m NOK → 12.00m NOK (equity ratio 86.8% → 53.8%). Calculated
What deteriorated
-
↓
Net result weakened
Net result +6.20m NOK → +1.40m NOK (net margin 1696.2% → 171.6%). Calculated
-
↓
Cash fell
Bank deposits 764.3k NOK → 149.7k NOK (-80.4% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 4.64× → 0.62× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 3 577 NOK → 1.87m NOK (1% → 228% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 60.81m NOK → 9 266 NOK (-100.0% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 9.10m NOK → 16.38m NOK. Reported fact