AH AGENTURER AS: årsregnskap 2019 vs 2018
Weaker earnings
approved 2020-11-20; registry 2020-11-23; journal 2020 970902
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AH AGENTURER AS. Revenue 2.07m NOK → 2.11m NOK (+2.0%). Net result +391.8k NOK → +260.7k NOK. Equity 714.6k NOK → 975.3k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; 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 AH AGENTURER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.07m NOK to 2.11m NOK (+2.0% YoY). Calculated
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↑
Equity strengthened
Book equity 714.6k NOK → 975.3k NOK (equity ratio 54.8% → 66.3%). Calculated
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↑
Cash rose
Bank deposits 779.0k NOK → 904.5k NOK (+16.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +511.9k NOK → +336.6k NOK (op. margin 24.8% → 16.0%). Calculated
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↓
Net result weakened
Net result +391.8k NOK → +260.7k NOK (net margin 19.0% → 12.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.03× → 0.15× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 862.9k NOK → 1.11m NOK (42% → 53% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 202.2k NOK → 7 217 NOK (-96.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 171.1k NOK → 112.4k NOK. Reported fact