18 RESTAURANT AS: årsregnskap 2020 vs 2019
Grew 515% on revenue, weaker earnings
approved 2021-06-30; registry 2021-08-31; journal 2021 701329
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 18 RESTAURANT AS. Revenue 576.2k NOK → 3.54m NOK (+515.1%). Net result +136.8k NOK → +67.3k NOK. Equity 183.1k NOK → 221.3k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 18 RESTAURANT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 576.2k NOK to 3.54m NOK (+515.1% YoY). Calculated
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↑
Equity strengthened
Book equity 183.1k NOK → 221.3k NOK (equity ratio 26.6% → 34.7%). Calculated
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↑
Cash rose
Bank deposits 418.7k NOK → 421.0k NOK (+0.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +179.6k NOK → +89.7k NOK (op. margin 31.2% → 2.5%). Calculated
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↓
Net result weakened
Net result +136.8k NOK → +67.3k NOK (net margin 23.7% → 1.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.66m NOK → 1.75m NOK (289% → 49% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 87.4k NOK → 1.05m NOK (+1106.4% YoY). Calculated