2M MALERFIRMA AS: årsregnskap 2019 vs 2018
Grew 16596% on revenue, weaker earnings
approved 2020-03-12; registry 2020-03-16; journal 2020 243202
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2M MALERFIRMA AS. Revenue 1 129 NOK → 188.5k NOK (+16596.1%). Net result +38.0k NOK → +5 791 NOK. Equity 28.0k NOK → 33.8k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 2M MALERFIRMA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 129 NOK to 188.5k NOK (+16596.1% YoY). Calculated
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↑
Equity strengthened
Book equity 28.0k NOK → 33.8k NOK (equity ratio 5.6% → 11.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +45.9k NOK → +22.5k NOK (op. margin 4065.7% → 12.0%). Calculated
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↓
Net result weakened
Net result +38.0k NOK → +5 791 NOK (net margin 3365.1% → 3.1%). Calculated
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↓
Cash fell
Bank deposits 372.0k NOK → 245.4k NOK (-34.0% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 722.4k NOK → 756.6k NOK (63990% → 401% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 127.2k NOK → 217.8k NOK (+71.2% YoY). Calculated