15 MEANINGS AS: årsregnskap 2019 vs 2018
Grew 7% on revenue, returned to profit
approved 2020-04-07; registry 2020-06-06; journal 2020 396329
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 15 MEANINGS AS. Revenue 1.99m NOK → 2.13m NOK (+7.2%). Net result -294.4k NOK → +175.8k NOK. Equity -207.8k NOK → -32.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 15 MEANINGS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.99m NOK to 2.13m NOK (+7.2% YoY). Calculated
-
↑
Operating result improved
Operating result -290.9k NOK → +181.8k NOK (op. margin -14.7% → 8.5%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 294.4k NOK to a profit of 175.8k NOK. Calculated
-
↑
Equity strengthened
Book equity -207.8k NOK → -32.1k NOK (equity ratio -51.7% → -8.0%). Calculated
-
↑
Payroll decreased
Salary cost 1.44m NOK → 1.25m NOK (72% → 59% of revenue). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 34.9k NOK → 26.4k NOK (-24.4% YoY). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 35.4k NOK → 40.4k NOK. Reported fact