18 RESTAURANT AS: årsregnskap 2019 vs 2018
Grew 61% on revenue, stronger earnings
approved 2020-08-29; registry 2020-09-05; journal 2020 753141
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 18 RESTAURANT AS. Revenue 357.8k NOK → 576.2k NOK (+61.1%). Net result +16.5k NOK → +136.8k NOK. Equity 46.5k NOK → 183.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 18 RESTAURANT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 357.8k NOK to 576.2k NOK (+61.1% YoY). Calculated
-
↑
Operating result improved
Operating result +21.4k NOK → +179.6k NOK (op. margin 6.0% → 31.2%). Calculated
-
↑
Net result improved
Net result +16.5k NOK → +136.8k NOK (net margin 4.6% → 23.7%). Calculated
-
↑
Equity strengthened
Book equity 46.5k NOK → 183.1k NOK (equity ratio 9.8% → 26.6%). Calculated
-
↑
Cash rose
Bank deposits 150.0k NOK → 418.7k NOK (+179.2% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 2 125 NOK → 1.66m NOK (1% → 289% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 123.9k NOK → 87.4k NOK (-29.5% YoY). Calculated