AKC ARKITEKTER AS: årsregnskap 2019 vs 2018
Stronger earnings, cash halved-plus
approved 2020-04-30; registry 2020-05-27; journal 2020 371177
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKC ARKITEKTER AS. Revenue 1.31m NOK → 1.29m NOK (-1.5%). Net result +183.8k NOK → +314.2k NOK. Equity 1.21m NOK → 1.37m NOK.
On the constructive side: net result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AKC ARKITEKTER AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +183.8k NOK → +314.2k NOK (net margin 14.0% → 24.3%). Calculated
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Equity strengthened
Book equity 1.21m NOK → 1.37m NOK (equity ratio 73.7% → 77.5%). Calculated
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Payroll decreased
Salary cost 674.7k NOK → 644.5k NOK (51% → 50% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.31m NOK to 1.29m NOK (-1.5% YoY). Calculated
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Operating result weakened
Operating result +316.4k NOK → +261.3k NOK (op. margin 24.1% → 20.2%). Calculated
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Cash fell
Bank deposits 695.72m NOK → 648.9k NOK (-99.9% YoY). Calculated
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COGS moved
COGS / varekostnad 5 283 NOK → 13.8k NOK (+160.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (695.72m NOK → 648.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 452.9k NOK → 563.1k NOK. Reported fact