2ETASJER AS: årsregnskap 2019 vs 2018
Shrank 30% on revenue, stronger earnings
approved 2020-05-08; registry 2020-05-25; journal 2020 362570
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2ETASJER AS. Revenue 14.61m NOK → 10.25m NOK (-29.8%). Net result +365.8k NOK → +5.00m NOK. Equity 1.14m NOK → 5.89m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 2ETASJER AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +365.8k NOK → +5.00m NOK (net margin 2.5% → 48.8%). Calculated
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↑
Equity strengthened
Book equity 1.14m NOK → 5.89m NOK (equity ratio 29.6% → 76.0%). Calculated
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↑
Cash rose
Bank deposits 2.37m NOK → 3.15m NOK (+32.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.40m NOK → 789.3k NOK (16% → 8% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.61m NOK to 10.25m NOK (-29.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 7.87m NOK → 2.58m NOK (-67.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 775 NOK → 3 626 NOK. Reported fact