AIR-PRODUCT NORGE AS: årsregnskap 2019 vs 2018
Grew 8% on revenue, stronger earnings
approved 2020-04-23; registry 2020-05-07; journal 2020 336500
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIR-PRODUCT NORGE AS. Revenue 17.76m NOK → 19.12m NOK (+7.7%). Net result +124.6k NOK → +451.6k NOK. Equity 2.22m NOK → 2.67m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for AIR-PRODUCT NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 17.76m NOK to 19.12m NOK (+7.7% YoY). Calculated
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↑
Net result improved
Net result +124.6k NOK → +451.6k NOK (net margin 0.7% → 2.4%). Calculated
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↑
Equity strengthened
Book equity 2.22m NOK → 2.67m NOK (equity ratio 39.6% → 48.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.66× → 1.80×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +101.7k NOK → -646.9k NOK (op. margin 0.6% → -3.4%). Calculated
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↓
Cash fell
Bank deposits 2.23m NOK → 1.19m NOK (-46.4% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 10.89m NOK → 15.73m NOK (+44.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 100.0k NOK → 10.1k NOK. Reported fact