11222 GROUP AS: årsregnskap 2019 vs 2018
Returned to profit, cash halved-plus
approved 2020-10-31; registry 2020-11-09; journal 2020 966308
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 11222 GROUP AS. Revenue 0 NOK → 50.0k NOK. Net result -540.9k NOK → +1 925 NOK. Equity -342.8k NOK → 32.0k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 0 NOK to 50.0k NOK. Calculated
-
↑
Turned profitable
Net result flipped from a loss of 540.9k NOK to a profit of 1 925 NOK. Calculated
-
↑
Equity strengthened
Book equity -342.8k NOK → 32.0k NOK (equity ratio -579.1% → 55.1%). Calculated
-
↑
Payroll decreased
Salary cost 540.9k NOK → 48.1k NOK. Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 59.2k NOK → 1 825 NOK (-96.9% YoY). Calculated