123 MINILAGER AS: årsregnskap 2019 vs 2018
Grew 97% on revenue, slipped into loss
approved 2020-08-20; registry 2020-10-14; journal 2020 941434
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 123 MINILAGER AS. Revenue 7.16m NOK → 14.09m NOK (+96.7%). Net result +70 NOK → -2.55m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: fell into a net loss; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for 123 MINILAGER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.16m NOK to 14.09m NOK (+96.7% YoY). Calculated
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↑
Operating result improved
Operating result +84.4k NOK → +401.8k NOK (op. margin 1.2% → 2.9%). Calculated
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↑
Cash rose
Bank deposits 71.4k NOK → 965.1k NOK (+1251.0% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 70 NOK profit to a loss of 2.55m NOK. Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.68× → 0.36× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.40m NOK → 2.49m NOK (20% → 18% of revenue). Calculated