5B PROSJEKT AS: årsregnskap 2019 vs 2018
Shrank 6% on revenue, returned to profit, cash halved-plus
approved 2020-05-28; registry 2020-06-20; journal 2020 459581
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 5B PROSJEKT AS. Revenue 2.81m NOK → 2.65m NOK (-5.8%). Net result -249.2k NOK → +198.6k NOK. Equity -809.6k NOK → -611.0k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 5B PROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -36.5k NOK → +277.1k NOK (op. margin -1.3% → 10.5%). Calculated
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Turned profitable
Net result flipped from a loss of 249.2k NOK to a profit of 198.6k NOK. Calculated
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Equity strengthened
Book equity -809.6k NOK → -611.0k NOK (equity ratio -34.2% → -25.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.81m NOK to 2.65m NOK (-5.8% YoY). Calculated
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Cash fell
Bank deposits 58.9k NOK → 858 NOK (-98.5% YoY). Calculated
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Payroll up without matching revenue
Salary cost 1.70m NOK → 1.87m NOK (61% → 70% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 95.4k NOK → 180.3k NOK (+89.0% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value -106.0k NOK → 4 NOK. Reported fact