FirmaIQ
Org.nr 992 408 766 2018 → 2019 Year-over-year analysis

2 FRISØRER AS: årsregnskap 2019 vs 2018

Shrank 16% on revenue, weaker earnings

approved 2020-04-27; registry 2020-09-15; journal 2020 818214

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 2 FRISØRER AS. Revenue 2.52m NOK → 2.13m NOK (-15.6%). Net result +24.4k NOK → +10.1k NOK. Equity 368.9k NOK → 358.8k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2 FRISØRER AS.

At a glance

Scorecard

Revenue
2.52m NOK 2.13m NOK
-15.6%
Operating result
+27.2k NOK +13.5k NOK
-50.4%
Net result
+24.4k NOK +10.1k NOK
-58.6%
Equity
368.9k NOK 358.8k NOK
-2.7%
Cash
591.2k NOK 575.2k NOK
-2.7%
Total assets
813.3k NOK 808.7k NOK
-0.6%

What improved

  • ↑

    Payroll decreased

    Salary cost 2.79m NOK → 1.46m NOK (110% → 69% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.52m NOK to 2.13m NOK (-15.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +27.2k NOK → +13.5k NOK (op. margin 1.1% → 0.6%). Calculated

  • ↓

    Net result weakened

    Net result +24.4k NOK → +10.1k NOK (net margin 1.0% → 0.5%). Calculated

  • ↓

    Equity eroded

    Book equity 368.9k NOK → 358.8k NOK (equity ratio 45.4% → 44.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 591.2k NOK → 575.2k NOK (-2.7% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 387.2k NOK → 296.2k NOK (-23.5% YoY). Calculated