7 FJELL AS: årsregnskap 2019 vs 2018
Shrank 30% on revenue, returned to profit, cash halved-plus
approved 2020-02-12; registry 2020-04-06; journal 2020 279107
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 7 FJELL AS. Revenue 783.8k NOK → 551.6k NOK (-29.6%). Net result -126.6k NOK → +112.3k NOK. Equity 1.07m NOK → 1.18m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7 FJELL AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -86.8k NOK → +113.6k NOK (op. margin -11.1% → 20.6%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 126.6k NOK to a profit of 112.3k NOK. Calculated
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↑
Equity strengthened
Book equity 1.07m NOK → 1.18m NOK (equity ratio 98.9% → 97.5%). Calculated
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↑
Payroll decreased
Salary cost 5.37m NOK → 158.9k NOK (685% → 29% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 783.8k NOK to 551.6k NOK (-29.6% YoY). Calculated
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↓
Cash fell
Bank deposits 118.6k NOK → 8 545 NOK (-92.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 113.3k NOK → 65.6k NOK (-42.1% YoY). Calculated