5 ZENZES AS: årsregnskap 2019 vs 2018
Grew 75% on revenue, weaker earnings
approved 2020-09-13; registry 2020-09-26; journal 2020 863065
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 5 ZENZES AS. Revenue 222.8k NOK → 389.6k NOK (+74.9%). Net result +295.1k NOK → +45.8k NOK. Equity -339.5k NOK → -385.3k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 5 ZENZES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 222.8k NOK to 389.6k NOK (+74.9% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +295.1k NOK → +45.8k NOK (net margin 132.5% → 11.8%). Calculated
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↓
Equity eroded
Book equity -339.5k NOK → -385.3k NOK (equity ratio -134.3% → -200.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -200.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 112.5k NOK → 58.3k NOK (-48.1% YoY). Calculated