AK CONSTRUCTION AS: årsregnskap 2019 vs 2018
Grew 37% on revenue, weaker earnings, cash halved-plus
approved 2020-08-31; registry 2020-09-09; journal 2020 786478
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AK CONSTRUCTION AS. Revenue 1.10m NOK → 1.50m NOK (+36.6%). Net result -35.2k NOK → -130.2k NOK. Equity 543.8k NOK → 11.41m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AK CONSTRUCTION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.10m NOK to 1.50m NOK (+36.6% YoY). Calculated
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↑
Equity strengthened
Book equity 543.8k NOK → 11.41m NOK (equity ratio 54.2% → 1215.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -40.9k NOK → -119.4k NOK (op. margin -3.7% → -8.0%). Calculated
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↓
Net result weakened
Net result -35.2k NOK → -130.2k NOK (net margin -3.2% → -8.7%). Calculated
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↓
Cash fell
Bank deposits 427.1k NOK → 100.5k NOK (-76.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 21.5k NOK → 3 656 NOK (-83.0% YoY). Calculated