365 IDEER AS: årsregnskap 2019 vs 2018
Shrank 34% on revenue, stronger earnings, cash halved-plus
approved 2020-04-13; registry 2020-05-04; journal 2020 325104
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 365 IDEER AS. Revenue 860.9k NOK → 568.6k NOK (-34.0%). Net result +94.9k NOK → +124.5k NOK. Equity 45.7k NOK → 170.2k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 365 IDEER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +95.6k NOK → +125.1k NOK (op. margin 11.1% → 22.0%). Calculated
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Net result improved
Net result +94.9k NOK → +124.5k NOK (net margin 11.0% → 21.9%). Calculated
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Equity strengthened
Book equity 45.7k NOK → 170.2k NOK (equity ratio 19.3% → 41.2%). Calculated
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Current ratio back above 1×
Current ratio 0.96× → 1.25×. Calculated
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Payroll decreased
Salary cost 227.2k NOK → 76.4k NOK (26% → 13% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 860.9k NOK to 568.6k NOK (-34.0% YoY). Calculated
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↓
Cash fell
Bank deposits 171.8k NOK → 55.3k NOK (-67.8% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 320.8k NOK → 1 150 NOK (-99.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 53.8k NOK → 10.0k NOK. Reported fact