10/10 TEKSTILTRYKKERI AS: årsregnskap 2019 vs 2018
Grew 9% on revenue, returned to profit
approved 2020-05-05; registry 2020-05-16; journal 2020 364960
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 10/10 TEKSTILTRYKKERI AS. Revenue 2.13m NOK → 2.33m NOK (+9.2%). Net result -12.9k NOK → +28.2k NOK. Equity 0 NOK → 0 NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 10/10 TEKSTILTRYKKERI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.13m NOK to 2.33m NOK (+9.2% YoY). Calculated
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↑
Operating result improved
Operating result -12.9k NOK → +43.4k NOK (op. margin -0.6% → 1.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 12.9k NOK to a profit of 28.2k NOK. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 20.2k NOK → 15.0k NOK (-25.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 443.4k NOK → 1.69m NOK (+281.9% YoY). Calculated