123KULDE AS: årsregnskap 2019 vs 2018
Shrank 36% on revenue, weaker earnings, cash halved-plus
approved 2020-05-11; registry 2020-09-19; journal 2020 829348
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 123KULDE AS. Revenue 2.00m NOK → 1.27m NOK (-36.4%). Net result +156.8k NOK → +41.0k NOK. Equity 252.7k NOK → 243.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 123KULDE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 724.3k NOK → 500.2k NOK (36% → 39% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.00m NOK to 1.27m NOK (-36.4% YoY). Calculated
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↓
Operating result weakened
Operating result +204.4k NOK → +53.3k NOK (op. margin 10.2% → 4.2%). Calculated
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↓
Net result weakened
Net result +156.8k NOK → +41.0k NOK (net margin 7.8% → 3.2%). Calculated
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↓
Equity eroded
Book equity 252.7k NOK → 243.7k NOK (equity ratio 51.0% → 60.8%). Calculated
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↓
Cash fell
Bank deposits 357.8k NOK → 72.7k NOK (-79.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 717.6k NOK → 371.6k NOK (-48.2% YoY). Calculated