Org.nr 923 545 921 2018 → 2019 Year-over-year analysis

AGGREKO NORWAY AS: årsregnskap 2019 vs 2018

Shrank 45% on revenue, cash halved-plus

approved 2020-07-02; registry 2020-08-12; journal 2020 665910

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AGGREKO NORWAY AS. Revenue 166.37m NOK → 91.80m NOK (-44.8%). Equity 78.22m NOK → 88.01m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AGGREKO NORWAY AS.

At a glance

Revenue

166.37m NOK 91.80m NOK

-44.8%

Operating result

n/m +12.34m NOK

—

Net result

n/m +9.80m NOK

—

Equity

78.22m NOK 88.01m NOK

+12.5%

Cash

2.68m NOK 789.0k NOK

-70.6%

Total assets

115.27m NOK 112.27m NOK

-2.6%

↑
Equity strengthened

Book equity 78.22m NOK → 88.01m NOK (equity ratio 67.9% → 78.4%). Calculated
↑
Payroll decreased

Salary cost 32.49m NOK → 24.11m NOK (20% → 26% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 166.37m NOK to 91.80m NOK (-44.8% YoY). Calculated
↓
Cash fell

Bank deposits 2.68m NOK → 789.0k NOK (-70.6% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (2.68m NOK → 789.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
COGS fell

COGS / varekostnad 18.57m NOK → 11.81m NOK (-36.4% YoY). Calculated