2469 REISELIVSUTVIKLING AS: årsregnskap 2019 vs 2018
Shrank 58% on revenue, stronger earnings
approved 2020-06-16; registry 2020-07-13; journal 2020 584998
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2469 REISELIVSUTVIKLING AS. Revenue 929.0k NOK → 388.2k NOK (-58.2%). Net result +13.6k NOK → +32.8k NOK. Equity 39.0k NOK → 71.7k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 2469 REISELIVSUTVIKLING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +14.4k NOK → +43.0k NOK (op. margin 1.6% → 11.1%). Calculated
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Net result improved
Net result +13.6k NOK → +32.8k NOK (net margin 1.5% → 8.4%). Calculated
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Equity strengthened
Book equity 39.0k NOK → 71.7k NOK (equity ratio 12.4% → 8.5%). Calculated
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Cash rose
Bank deposits 57.2k NOK → 858.3k NOK (+1399.5% YoY). Calculated
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Payroll decreased
Salary cost 79.5k NOK → 71.5k NOK (9% → 18% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 929.0k NOK to 388.2k NOK (-58.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 835.1k NOK → 273.7k NOK (-67.2% YoY). Calculated