AIRSUSPENSION AS: årsregnskap 2019 vs 2018
Grew 15% on revenue, stronger earnings
approved 2020-09-08; registry 2020-10-03; journal 2020 892072
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRSUSPENSION AS. Revenue 2.98m NOK → 3.42m NOK (+15.0%). Net result +225.4k NOK → +314.6k NOK. Equity 337.0k NOK → 651.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRSUSPENSION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.98m NOK to 3.42m NOK (+15.0% YoY). Calculated
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Operating result improved
Operating result +292.7k NOK → +403.5k NOK (op. margin 9.8% → 11.8%). Calculated
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Net result improved
Net result +225.4k NOK → +314.6k NOK (net margin 7.6% → 9.2%). Calculated
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Equity strengthened
Book equity 337.0k NOK → 651.6k NOK (equity ratio 568.5% → 46.3%). Calculated
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Current ratio back above 1×
Current ratio 0.08× → 1.86×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 275.5k NOK → 261.3k NOK (-5.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 13.0k NOK → 90.3k NOK (0% → 3% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.39m NOK → 2.50m NOK (+4.5% YoY). Calculated