ARENDALS FOSSEKOMPANI ASA: årsregnskap 2019 vs 2018
Grew 9% on revenue, weaker earnings, cash halved-plus
approved 2020-05-07; registry 2020-06-29; journal 2020 496601
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ARENDALS FOSSEKOMPANI ASA. Revenue 194.7k NOK → 211.4k NOK (+8.6%). Net result +140.74m NOK → +46.72m NOK. Equity 2.96bn NOK → 3.21bn NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ARENDALS FOSSEKOMPANI ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 194.7k NOK to 211.4k NOK (+8.6% YoY). Calculated
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↑
Equity strengthened
Book equity 2.96bn NOK → 3.21bn NOK (equity ratio 80.6% → 82.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +261.41m NOK → +120.46m NOK (op. margin 134261.3% → 56971.5%). Calculated
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↓
Net result weakened
Net result +140.74m NOK → +46.72m NOK (net margin 72282.6% → 22095.3%). Calculated
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↓
Cash fell
Bank deposits 285.75m NOK → 498.8k NOK (-99.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (285.75m NOK → 498.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 225.10m NOK → 163.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 34.14m NOK → 38.84m NOK (17533% → 18369% of revenue). Calculated
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COGS fell
COGS / varekostnad 5.17m NOK → 3.63m NOK (-29.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 2.04bn NOK → 2.13bn NOK. Reported fact