AKERSHUS TUNGBILSERVICE AS: årsregnskap 2019 vs 2018
Grew 40% on revenue, stronger earnings, fresh owner capital
approved 2020-04-15; registry 2020-06-18; journal 2020 450145
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKERSHUS TUNGBILSERVICE AS. Revenue 13.17m NOK → 18.44m NOK (+40.0%). Net result +1 417 NOK → +1.50m NOK. Equity -1.40m NOK → 4.58m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AKERSHUS TUNGBILSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.17m NOK to 18.44m NOK (+40.0% YoY). Calculated
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↑
Net result improved
Net result +1 417 NOK → +1.50m NOK (net margin 0.0% → 8.2%). Calculated
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↑
Equity strengthened
Book equity -1.40m NOK → 4.58m NOK (equity ratio -21.3% → 66.4%). Calculated
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Cash rose
Bank deposits 1.00m NOK → 2.36m NOK (+135.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.28× → 1.63×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.27bn NOK → +1.52m NOK (op. margin 9672.4% → 8.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 6 NOK → 1.92m NOK (0% → 10% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 6 510 NOK → 8.84m NOK (+135676.9% YoY). Calculated