99X INCREO AS: årsregnskap 2020 vs 2019
Stronger earnings
approved 2021-05-18; registry 2021-06-17; journal 2021 340993
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 99X INCREO AS. Revenue 25.49m NOK → 24.25m NOK (-4.9%). Net result +390.9k NOK → +755.2k NOK. Equity 2.28m NOK → 3.04m NOK.
On the constructive side: net result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 99X INCREO AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +390.9k NOK → +755.2k NOK (net margin 1.5% → 3.1%). Calculated
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Equity strengthened
Book equity 2.28m NOK → 3.04m NOK (equity ratio 16.2% → 19.5%). Calculated
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Payroll decreased
Salary cost 18.11m NOK → 17.17m NOK (71% → 71% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 25.49m NOK to 24.25m NOK (-4.9% YoY). Calculated
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↓
Operating result weakened
Operating result +1.74m NOK → +1.22m NOK (op. margin 6.8% → 5.0%). Calculated
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↓
Cash fell
Bank deposits 9.92m NOK → 9.45m NOK (-4.8% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 1.78m NOK → 1.73m NOK (-2.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1 NOK → 1.70m NOK. Reported fact