SOLVANG ASA: årsregnskap 2019 vs 2018
Returned to profit, fresh owner capital
approved 2020-05-28; registry 2020-07-07; journal 2020 540447
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for SOLVANG ASA. Revenue 86.04m NOK → 89.00m NOK (+3.4%). Net result -11.53m NOK → +18.73m NOK. Equity 2.81m NOK → 2.97bn NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for SOLVANG ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 86.04m NOK to 89.00m NOK (+3.4% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 11.53m NOK to a profit of 18.73m NOK. Calculated
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↑
Equity strengthened
Book equity 2.81m NOK → 2.97bn NOK (equity ratio 93.6% → 41.2%). Calculated
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↑
Cash rose
Bank deposits 7.25m NOK → 96.65m NOK (+1232.7% YoY). Calculated
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Owners injected capital
Paid-in equity rose 2.40m NOK → 2.54bn NOK (+2.54bn NOK). Reported fact
Things to notice
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·
Payroll increased
Salary cost 60.58m NOK → 63.23m NOK (70% → 71% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 2.42m NOK → 7.06bn NOK. Reported fact