AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS: årsregnskap 2019 vs 2018
Shrank 19% on revenue, slipped into loss, cash halved-plus
approved 2020-05-04; registry 2020-05-28; journal 2020 374604
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS. Revenue 46.79m NOK → 37.83m NOK (-19.2%). Net result +4.61m NOK → -1.73m NOK. Equity 5.72m NOK → 3.99m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 11.30m NOK → 10.12m NOK (24% → 27% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 46.79m NOK to 37.83m NOK (-19.2% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 4.61m NOK profit to a loss of 1.73m NOK. Calculated
-
↓
Equity eroded
Book equity 5.72m NOK → 3.99m NOK (equity ratio 34.8% → 55.3%). Calculated
-
↓
Cash fell
Bank deposits 12.94m NOK → 3.62m NOK (-72.1% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (12.94m NOK → 3.62m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS fell
COGS / varekostnad 25.44m NOK → 25.34m NOK (-0.4% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 593.7k NOK → 528.0k NOK. Reported fact