12MR FRAMNÆS AS: årsregnskap 2019 vs 2018
Grew 11% on revenue, stronger earnings
approved 2020-05-19; registry 2020-06-08; journal 2020 396941
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 12MR FRAMNÆS AS. Revenue 357.2k NOK → 397.0k NOK (+11.1%). Net result -607.3k NOK → -409.4k NOK. Equity 2.20m NOK → 2.22m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 357.2k NOK to 397.0k NOK (+11.1% YoY). Calculated
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Operating result improved
Operating result -537.4k NOK → -407.9k NOK (op. margin -150.4% → -102.7%). Calculated
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Net result improved
Net result -607.3k NOK → -409.4k NOK (net margin -170.0% → -103.1%). Calculated
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Equity strengthened
Book equity 2.20m NOK → 2.22m NOK (equity ratio 25.5% → 26.5%). Calculated
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Owners injected capital
Paid-in equity rose 21.92m NOK → 22.34m NOK (+424.0k NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 194.3k NOK → 163.2k NOK (-16.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 4.87× → 0.54× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated