2S TILLER & NÆSS MALERSERVICE - JOMFRUSLETTFJELL HYTTESERVICE AS: årsregnskap 2019 vs 2018
Returned to profit
approved 2020-05-24; registry 2020-07-30; journal 2020 631690
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2S TILLER & NÆSS MALERSERVICE - JOMFRUSLETTFJELL HYTTESERVICE AS. Revenue 897.3k NOK → 870.2k NOK (-3.0%). Net result -49.6k NOK → +4.12m NOK. Equity -17.5k NOK → 69.1k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2S TILLER & NÆSS MALERSERVICE - JOMFRUSLETTFJELL HYTTESERVICE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -60.9k NOK → +156.4k NOK (op. margin -6.8% → 18.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 49.6k NOK to a profit of 4.12m NOK. Calculated
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↑
Equity strengthened
Book equity -17.5k NOK → 69.1k NOK (equity ratio -14.4% → 74.5%). Calculated
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Cash rose
Bank deposits 52.5k NOK → 63.2k NOK (+20.3% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.66× → 3.41×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 897.3k NOK to 870.2k NOK (-3.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 33.5k NOK → 143.2k NOK (4% → 16% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 186.2k NOK → 126.0k NOK (-32.3% YoY). Calculated