2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS: årsregnskap 2019 vs 2018
Grew 70% on revenue, returned to profit
approved 2020-06-15; registry 2020-09-19; journal 2020 829212
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS. Revenue 13.31m NOK → 22.62m NOK (+70.0%). Net result -82.4k NOK → +456.2k NOK. Equity 1.92m NOK → 2.37m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 13.31m NOK to 22.62m NOK (+70.0% YoY). Calculated
-
↑
Operating result improved
Operating result -34.3k NOK → +658.5k NOK (op. margin -0.3% → 2.9%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 82.4k NOK to a profit of 456.2k NOK. Calculated
-
↑
Equity strengthened
Book equity 1.92m NOK → 2.37m NOK (equity ratio 37.3% → 40.6%). Calculated
-
↑
Cash rose
Bank deposits 469.8k NOK → 1.22m NOK (+158.8% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 1.11m NOK → 3.64m NOK (8% → 16% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 11.68m NOK → 20.76m NOK (+77.7% YoY). Calculated