AKERSHUS - ØSTFOLD ELEKTRO AS: årsregnskap 2019 vs 2018
Cash halved-plus
approved 2020-02-11; registry 2020-09-19; journal 2020 827770
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKERSHUS - ØSTFOLD ELEKTRO AS. Revenue 7.34m NOK → 7.08m NOK (-3.6%). Net result +1.16m NOK → +1.24m NOK. Equity 1.24m NOK → 1.48m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AKERSHUS - ØSTFOLD ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +1.50m NOK → +1.58m NOK (op. margin 20.5% → 22.4%). Calculated
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↑
Net result improved
Net result +1.16m NOK → +1.24m NOK (net margin 15.8% → 17.5%). Calculated
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↑
Equity strengthened
Book equity 1.24m NOK → 1.48m NOK (equity ratio 27.3% → 32.3%). Calculated
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↑
Payroll decreased
Salary cost 2.08m NOK → 2.07m NOK (28% → 29% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.34m NOK to 7.08m NOK (-3.6% YoY). Calculated
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↓
Cash fell
Bank deposits 1.33m NOK → 278.4k NOK (-79.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.33m NOK → 278.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 3.15m NOK → 2.74m NOK (-13.1% YoY). Calculated