AIVOG AS: årsregnskap 2019 vs 2018
Grew 27% on revenue, weaker earnings
approved 2020-08-30; registry 2020-10-15; journal 2020 945493
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIVOG AS. Revenue 325.3k NOK → 412.4k NOK (+26.8%). Net result +745.8k NOK → +434.4k NOK. Equity 10.23m NOK → 10.66m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AIVOG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 325.3k NOK to 412.4k NOK (+26.8% YoY). Calculated
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↑
Operating result improved
Operating result +167.5k NOK → +235.2k NOK (op. margin 51.5% → 57.0%). Calculated
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↑
Equity strengthened
Book equity 10.23m NOK → 10.66m NOK (equity ratio 82.7% → 83.2%). Calculated
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↑
Cash rose
Bank deposits 594.1k NOK → 617.2k NOK (+3.9% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +745.8k NOK → +434.4k NOK (net margin 229.3% → 105.4%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 7.85m NOK → 2.47m NOK. Reported fact