70 GRADER N ARKITEKTUR AS: årsregnskap 2019 vs 2018
Shrank 7% on revenue, stronger earnings, cash halved-plus
approved 2020-06-24; registry 2020-07-01; journal 2020 524283
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 70 GRADER N ARKITEKTUR AS. Revenue 5.12m NOK → 4.76m NOK (-7.1%). Net result +29.1k NOK → +79.8k NOK. Equity 574.0k NOK → 653.9k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 70 GRADER N ARKITEKTUR AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +57.8k NOK → +113.5k NOK (op. margin 1.1% → 2.4%). Calculated
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Net result improved
Net result +29.1k NOK → +79.8k NOK (net margin 0.6% → 1.7%). Calculated
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Equity strengthened
Book equity 574.0k NOK → 653.9k NOK (equity ratio 41.1% → 37.2%). Calculated
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Payroll decreased
Salary cost 3.59m NOK → 3.54m NOK (70% → 74% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.12m NOK to 4.76m NOK (-7.1% YoY). Calculated
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↓
Cash fell
Bank deposits 589.6k NOK → 151.3k NOK (-74.3% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 315.1k NOK → 154.2k NOK (-51.1% YoY). Calculated