AH-EIENDOM AS: årsregnskap 2019 vs 2018
Stronger earnings, cash halved-plus
approved 2020-08-31; registry 2020-09-16; journal 2020 818763
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AH-EIENDOM AS. Revenue 5.93m NOK → 5.99m NOK (+1.0%). Net result +392.3k NOK → +642.2k NOK. Equity 2.62m NOK → 3.27m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for AH-EIENDOM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 5.93m NOK to 5.99m NOK (+1.0% YoY). Calculated
-
↑
Operating result improved
Operating result +570.3k NOK → +828.2k NOK (op. margin 9.6% → 13.8%). Calculated
-
↑
Net result improved
Net result +392.3k NOK → +642.2k NOK (net margin 6.6% → 10.7%). Calculated
-
↑
Equity strengthened
Book equity 2.62m NOK → 3.27m NOK (equity ratio 50.7% → 79.8%). Calculated
-
↑
Payroll decreased
Salary cost 76.2k NOK → 38.1k NOK (1% → 1% of revenue). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 2.57m NOK → 701.7k NOK (-72.7% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.57m NOK → 701.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS moved
COGS / varekostnad 123.8k NOK → 257.3k NOK (+107.9% YoY). Calculated