1OFFSHORE AS: årsregnskap 2019 vs 2018
Grew 94% on revenue, returned to profit
approved 2020-05-18; registry 2020-06-03; journal 2020 385342
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 1OFFSHORE AS. Revenue 2.72m NOK → 5.29m NOK (+94.4%). Net result -1.79m NOK → +796.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.72m NOK to 5.29m NOK (+94.4% YoY). Calculated
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Operating result improved
Operating result -1.78m NOK → +804.2k NOK (op. margin -65.5% → 15.2%). Calculated
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Turned profitable
Net result flipped from a loss of 1.79m NOK to a profit of 796.4k NOK. Calculated
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Current ratio back above 1×
Current ratio 0.31× → 1.17×. Calculated
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Payroll decreased
Salary cost 3.65m NOK → 3.30m NOK (134% → 62% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 129.5k NOK → 97.2k NOK (-24.9% YoY). Calculated