1018 DESIGN AS: årsregnskap 2019 vs 2018
Grew 7471% on revenue, weaker earnings
approved 2020-01-20; registry 2020-03-03; journal 2020 226086
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 1018 DESIGN AS. Revenue 10.4k NOK → 785.5k NOK (+7471.1%). Net result +7.20m NOK → +17.6k NOK. Equity 275.0k NOK → 257.4k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for 1018 DESIGN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.4k NOK to 785.5k NOK (+7471.1% YoY). Calculated
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↑
Cash rose
Bank deposits 296.9k NOK → 331.3k NOK (+11.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +254.9k NOK → -17.8k NOK (op. margin 2456.6% → -2.3%). Calculated
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↓
Net result weakened
Net result +7.20m NOK → +17.6k NOK (net margin 69353.7% → 2.2%). Calculated
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↓
Equity eroded
Book equity 275.0k NOK → 257.4k NOK (equity ratio 57.3% → 66.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 640.8k NOK → 653.9k NOK (6176% → 83% of revenue). Calculated