A BITE OF NORWAY AS: årsregnskap 2019 vs 2018
Grew 57% on revenue, slipped into loss
approved 2020-04-30; registry 2020-06-11; journal 2020 421358
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A BITE OF NORWAY AS. Revenue 452.3k NOK → 711.7k NOK (+57.3%). Net result +41.2k NOK → -14.5k NOK. Equity 67.0k NOK → 52.5k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for A BITE OF NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 452.3k NOK to 711.7k NOK (+57.3% YoY). Calculated
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↑
Cash rose
Bank deposits 47.6k NOK → 107.4k NOK (+125.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +58.6k NOK → +5 304 NOK (op. margin 12.9% → 0.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 41.2k NOK profit to a loss of 14.5k NOK. Calculated
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↓
Equity eroded
Book equity 67.0k NOK → 52.5k NOK (equity ratio 87.7% → 14.1%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 332.3k NOK → 449.8k NOK (+35.4% YoY). Calculated