AJ SELLISETH AS: årsregnskap 2019 vs 2018
Grew 6% on revenue, stronger earnings, cash halved-plus
approved 2020-08-14; registry 2020-09-19; journal 2020 829428
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AJ SELLISETH AS. Revenue 3.23m NOK → 3.42m NOK (+6.1%). Net result +325.8k NOK → +870.0k NOK. Equity 1.62m NOK → 2.49m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AJ SELLISETH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.23m NOK to 3.42m NOK (+6.1% YoY). Calculated
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Operating result improved
Operating result +431.4k NOK → +1.12m NOK (op. margin 13.4% → 32.8%). Calculated
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Net result improved
Net result +325.8k NOK → +870.0k NOK (net margin 10.1% → 25.4%). Calculated
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Equity strengthened
Book equity 1.62m NOK → 2.49m NOK (equity ratio 64.0% → 82.0%). Calculated
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Payroll decreased
Salary cost 457.4k NOK → 332.0k NOK (14% → 10% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 1.16m NOK → 441.2k NOK (-61.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.16m NOK → 441.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 817.5k NOK → 468.6k NOK (-42.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 8 250 NOK → 250.0k NOK. Reported fact