AHE HELSE AS: årsregnskap 2019 vs 2018
Shrank 17% on revenue, stronger earnings
approved 2020-08-31; registry 2020-10-06; journal 2020 917311
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AHE HELSE AS. Revenue 619.3k NOK → 513.1k NOK (-17.2%). Net result +862.1k NOK → +1.44m NOK. Equity 26.0k NOK → 2.47m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AHE HELSE AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +862.1k NOK → +1.44m NOK (net margin 139.2% → 280.9%). Calculated
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Equity strengthened
Book equity 26.0k NOK → 2.47m NOK (equity ratio 5.9% → 92.0%). Calculated
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Cash rose
Bank deposits 745.0k NOK → 952.8k NOK (+27.9% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 619.3k NOK to 513.1k NOK (-17.2% YoY). Calculated
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Operating result weakened
Operating result +178.0k NOK → +112.1k NOK (op. margin 28.7% → 21.9%). Calculated
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Payroll up without matching revenue
Salary cost 2 NOK → 19.4k NOK (0% → 4% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 641.5k NOK → 605.2k NOK. Reported fact