AJ BIL OG MOTOR AS: årsregnskap 2019 vs 2018
Grew 12% on revenue, stronger earnings
approved 2020-07-06; registry 2020-07-25; journal 2020 607009
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AJ BIL OG MOTOR AS. Revenue 8.10m NOK → 9.10m NOK (+12.3%). Net result +653.7k NOK → +921.8k NOK. Equity 331.9k NOK → 253.7k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AJ BIL OG MOTOR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 8.10m NOK to 9.10m NOK (+12.3% YoY). Calculated
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↑
Net result improved
Net result +653.7k NOK → +921.8k NOK (net margin 8.1% → 10.1%). Calculated
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Cash rose
Bank deposits 1.66m NOK → 1.67m NOK (+0.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +864.0k NOK → +192.8k NOK (op. margin 10.7% → 2.1%). Calculated
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↓
Equity eroded
Book equity 331.9k NOK → 253.7k NOK (equity ratio 8.6% → 5.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 3.15m NOK → 3.23m NOK (+2.5% YoY). Calculated