24SEVENOFFICE NORWAY AS: årsregnskap 2019 vs 2018
Grew 36% on revenue
approved 2020-05-15; registry 2020-07-02; journal 2020 519389
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 24SEVENOFFICE NORWAY AS. Revenue 103.30m NOK → 140.10m NOK (+35.6%). Equity 21.79m NOK → 23.28m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 24SEVENOFFICE NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 103.30m NOK to 140.10m NOK (+35.6% YoY). Calculated
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↑
Equity strengthened
Book equity 21.79m NOK → 23.28m NOK (equity ratio 23.0% → 18.1%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 36.24m NOK → 31.48m NOK (-13.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 44.70m NOK → 72.25m NOK (43% → 52% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 11.25m NOK → 11.81m NOK (+4.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 9.26m NOK → 3 100 NOK. Reported fact