AIRIS BYGGTJENESTER AS: årsregnskap 2019 vs 2018
Shrank 30% on revenue, cash halved-plus
approved 2020-02-21; registry 2020-03-07; journal 2020 231025
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRIS BYGGTJENESTER AS. Revenue 1.95m NOK → 1.37m NOK (-29.6%). Net result +203.7k NOK → +218.3k NOK. Equity 531.3k NOK → 313.0k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRIS BYGGTJENESTER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +267.6k NOK → +280.0k NOK (op. margin 13.7% → 20.4%). Calculated
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Net result improved
Net result +203.7k NOK → +218.3k NOK (net margin 10.4% → 15.9%). Calculated
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Payroll decreased
Salary cost 1.46m NOK → 1.11m NOK (75% → 81% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.95m NOK to 1.37m NOK (-29.6% YoY). Calculated
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Equity eroded
Book equity 531.3k NOK → 313.0k NOK (equity ratio 54.6% → 55.0%). Calculated
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Cash fell
Bank deposits 822.5k NOK → 328.6k NOK (-60.0% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 277.8k NOK → 262.2k NOK (-5.6% YoY). Calculated