A BRAND AS: årsregnskap 2019 vs 2018
Shrank 7% on revenue, weaker earnings
approved 2020-04-20; registry 2020-04-28; journal 2020 315415
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A BRAND AS. Revenue 1.81m NOK → 1.68m NOK (-6.9%). Net result +443.2k NOK → +188.9k NOK. Equity -126.2k NOK → 62.6k NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A BRAND AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -126.2k NOK → 62.6k NOK (equity ratio -6.9% → 3.7%). Calculated
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↑
Cash rose
Bank deposits 280.5k NOK → 501.1k NOK (+78.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.29× → 1.14×. Calculated
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↑
Payroll decreased
Salary cost 1.31m NOK → 574.0k NOK (73% → 34% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.81m NOK to 1.68m NOK (-6.9% YoY). Calculated
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↓
Operating result weakened
Operating result +622.4k NOK → +349.8k NOK (op. margin 34.5% → 20.8%). Calculated
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↓
Net result weakened
Net result +443.2k NOK → +188.9k NOK (net margin 24.6% → 11.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 139.8k NOK → 60.2k NOK (-56.9% YoY). Calculated