AHPA AS: årsregnskap 2019 vs 2018
Grew 41% on revenue, weaker earnings, cash halved-plus
approved 2020-05-20; registry 2020-06-09; journal 2020 410654
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AHPA AS. Revenue 2.02m NOK → 2.85m NOK (+41.2%). Net result +772.8k NOK → +298.5k NOK. Equity 12.18m NOK → 13.78m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AHPA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.02m NOK to 2.85m NOK (+41.2% YoY). Calculated
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↑
Operating result improved
Operating result +1 005 NOK → +1.66m NOK (op. margin 0.0% → 58.2%). Calculated
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↑
Equity strengthened
Book equity 12.18m NOK → 13.78m NOK (equity ratio 3469.3% → 624.2%). Calculated
What deteriorated
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↓
Net result weakened
Net result +772.8k NOK → +298.5k NOK (net margin 38.3% → 10.5%). Calculated
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↓
Cash fell
Bank deposits 556.5k NOK → 1 189 NOK (-99.8% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3 805 NOK → 3.90m NOK (0% → 137% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 21.6k NOK → 105.3k NOK (+387.6% YoY). Calculated