2XM INVEST AS: årsregnskap 2019 vs 2018
Shrank 25% on revenue, stronger earnings
approved 2020-05-28; registry 2020-09-02; journal 2020 731246
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2XM INVEST AS. Revenue 393.7k NOK → 293.8k NOK (-25.4%). Net result +14.1k NOK → +36.5k NOK. Equity 64.1k NOK → 27.5k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 2XM INVEST AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +17.7k NOK → +36.6k NOK (op. margin 4.5% → 12.4%). Calculated
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↑
Net result improved
Net result +14.1k NOK → +36.5k NOK (net margin 3.6% → 12.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 393.7k NOK to 293.8k NOK (-25.4% YoY). Calculated
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↓
Equity eroded
Book equity 64.1k NOK → 27.5k NOK (equity ratio 56.5% → 32.9%). Calculated
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↓
Cash fell
Bank deposits 59.6k NOK → 55.2k NOK (-7.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 95.9k NOK → 1.12m NOK (24% → 380% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 14.3k NOK → 419 NOK (-97.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 13.4k NOK → 4 464 NOK. Reported fact