AJ OFFSHORE AS: årsregnskap 2019 vs 2018
Grew 53% on revenue, stronger earnings
approved 2020-07-23; registry 2020-08-27; journal 2020 704155
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AJ OFFSHORE AS. Revenue 1.71m NOK → 2.62m NOK (+52.8%). Net result +28.7k NOK → +944.8k NOK. Equity 2.42m NOK → 3.17m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for AJ OFFSHORE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.71m NOK to 2.62m NOK (+52.8% YoY). Calculated
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↑
Net result improved
Net result +28.7k NOK → +944.8k NOK (net margin 1.7% → 36.1%). Calculated
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↑
Equity strengthened
Book equity 2.42m NOK → 3.17m NOK (equity ratio 87.0% → 84.3%). Calculated
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Cash rose
Bank deposits 1.44m NOK → 2.20m NOK (+52.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +109.6k NOK → +104.6k NOK (op. margin 6.4% → 4.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.20m NOK → 3.98m NOK (70% → 152% of revenue). Calculated