99X INCREO AS: årsregnskap 2019 vs 2018
Grew 23% on revenue, returned to profit
approved 2020-04-24; registry 2020-05-09; journal 2020 340017
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 99X INCREO AS. Revenue 20.81m NOK → 25.49m NOK (+22.5%). Net result -603.1k NOK → +390.9k NOK. Equity 1.90m NOK → 2.28m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 99X INCREO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 20.81m NOK to 25.49m NOK (+22.5% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 603.1k NOK to a profit of 390.9k NOK. Calculated
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Equity strengthened
Book equity 1.90m NOK → 2.28m NOK (equity ratio 15.7% → 16.2%). Calculated
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Cash rose
Bank deposits 8.08m NOK → 9.92m NOK (+22.7% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 15.03m NOK → 18.11m NOK (72% → 71% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.23m NOK → 1.78m NOK (+44.9% YoY). Calculated