2M&CO AS: årsregnskap 2019 vs 2018
Shrank 18% on revenue, slipped into loss
approved 2020-01-25; registry 2020-03-02; journal 2020 224677
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2M&CO AS. Revenue 742.7k NOK → 608.2k NOK (-18.1%). Net result +156.4k NOK → -106.8k NOK. Equity 1.73m NOK → 1.62m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2M&CO AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 742.7k NOK to 608.2k NOK (-18.1% YoY). Calculated
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Operating result weakened
Operating result +252.0k NOK → -76.7k NOK (op. margin 33.9% → -12.6%). Calculated
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Fell into a net loss
Net result flipped from 156.4k NOK profit to a loss of 106.8k NOK. Calculated
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Equity eroded
Book equity 1.73m NOK → 1.62m NOK (equity ratio 56.0% → 57.1%). Calculated
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Cash fell
Bank deposits 510.6k NOK → 319.9k NOK (-37.3% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 268.7k NOK → 201.0k NOK (-25.2% YoY). Calculated