Akershus Traktor A/S: årsregnskap 2019 vs 2018
Grew 16% on revenue, cash halved-plus
approved 2020-03-12; registry 2020-04-25; journal 2020 308516
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for Akershus Traktor A/S. Revenue 793.41m NOK → 921.86m NOK (+16.2%). Equity 54.63m NOK → 82.26m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for Akershus Traktor A/S.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 793.41m NOK to 921.86m NOK (+16.2% YoY). Calculated
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↑
Operating result improved
Operating result +830 NOK → +76.5k NOK (op. margin 0.0% → 0.0%). Calculated
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↑
Equity strengthened
Book equity 54.63m NOK → 82.26m NOK (equity ratio 13.5% → 18.2%). Calculated
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↑
Owners injected capital
Paid-in equity rose 77.18m NOK → 82.26m NOK (+5.08m NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 12.82m NOK → 4.06m NOK (-68.4% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (12.82m NOK → 4.06m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 81.73m NOK → 89.40m NOK (10% → 10% of revenue). Calculated
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COGS moved
COGS / varekostnad 655.84m NOK → 759.59m NOK (+15.8% YoY). Calculated