8-BIT MACHINERY AS: årsregnskap 2019 vs 2018
Shrank 48% on revenue, weaker earnings
approved 2020-05-15; registry 2020-05-18; journal 2020 372625
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 8-BIT MACHINERY AS. Revenue 641.9k NOK → 332.9k NOK (-48.1%). Net result +35.5k NOK → +18.0k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; net result weakened.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
Revenue
641.9k NOK
332.9k NOK
-48.1%
Operating result
n/m
+26.1k NOK
—
Net result
+35.5k NOK
+18.0k NOK
-49.3%
Equity
n/m
42.7k NOK
—
Cash
199.6k NOK
311.5k NOK
+56.1%
Total assets
199.6k NOK
311.5k NOK
+56.1%
What improved
-
↑
Cash rose
Bank deposits 199.6k NOK → 311.5k NOK (+56.1% YoY). Calculated
-
↑
Payroll decreased
Salary cost 5904.04bn NOK → 4 NOK (919775560% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 641.9k NOK to 332.9k NOK (-48.1% YoY). Calculated
-
↓
Net result weakened
Net result +35.5k NOK → +18.0k NOK (net margin 5.5% → 5.4%). Calculated