AH CLASSIC CARS AS: årsregnskap 2019 vs 2018
Grew 9% on revenue, fresh owner capital
approved 2020-02-20; registry 2020-02-24; journal 2020 216286
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AH CLASSIC CARS AS. Revenue 286.2k NOK → 310.9k NOK (+8.6%). Net result -1.93m NOK → -1.71m NOK. Equity 1.45m NOK → 11.15m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AH CLASSIC CARS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 286.2k NOK to 310.9k NOK (+8.6% YoY). Calculated
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Operating result improved
Operating result -1.82m NOK → -1.66m NOK (op. margin -635.4% → -533.8%). Calculated
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Net result improved
Net result -1.93m NOK → -1.71m NOK (net margin -675.5% → -549.4%). Calculated
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Equity strengthened
Book equity 1.45m NOK → 11.15m NOK (equity ratio 24.2% → 95.2%). Calculated
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Owners injected capital
Paid-in equity rose 1.45m NOK → 11.15m NOK (+9.70m NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 707.5k NOK → 492.2k NOK (-30.4% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 8.14m NOK → 197.1k NOK (-97.6% YoY). Calculated