AKELE AS: årsregnskap 2019 vs 2018
Grew 38% on revenue, weaker earnings
approved 2020-04-06; registry 2020-04-15; journal 2020 288916
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKELE AS. Revenue 2.65m NOK → 3.66m NOK (+38.0%). Net result +41.9k NOK → +29.1k NOK. Equity 316.9k NOK → 346.0k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. 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 AKELE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.65m NOK to 3.66m NOK (+38.0% YoY). Calculated
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↑
Equity strengthened
Book equity 316.9k NOK → 346.0k NOK (equity ratio 22.1% → 40.6%). Calculated
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↑
Payroll decreased
Salary cost 623.4k NOK → 548.3k NOK (23% → 15% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +47.1k NOK → +21.8k NOK (op. margin 1.8% → 0.6%). Calculated
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↓
Net result weakened
Net result +41.9k NOK → +29.1k NOK (net margin 1.6% → 0.8%). Calculated
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↓
Cash fell
Bank deposits 805.8k NOK → 701.0k NOK (-13.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 903.6k NOK → 875.3k NOK (-3.1% YoY). Calculated