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Org.nr 998 362 490 2018 → 2019 Year-over-year analysis

A.G TAVLESERVICE AS: årsregnskap 2019 vs 2018

Shrank 11% on revenue, slipped into loss

approved 2020-08-27; registry 2020-09-24; journal 2020 850166

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for A.G TAVLESERVICE AS. Revenue 8.73m NOK → 7.74m NOK (-11.4%). Net result +15.1k NOK → -167.0k NOK. Equity 2.41m NOK → 1.24m NOK.

Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A.G TAVLESERVICE AS.

At a glance

Scorecard

Revenue
8.73m NOK 7.74m NOK
-11.4%
Operating result
n/m -103.0k NOK
—
Net result
+15.1k NOK -167.0k NOK
-1205.4%
Equity
2.41m NOK 1.24m NOK
-48.5%
Cash
1.01m NOK 966.9k NOK
-4.3%
Total assets
3.77m NOK 3.63m NOK
-3.5%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 8.73m NOK to 7.74m NOK (-11.4% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 15.1k NOK profit to a loss of 167.0k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 2.41m NOK → 1.24m NOK (equity ratio 63.9% → 34.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.01m NOK → 966.9k NOK (-4.3% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.20m NOK → 1.52m NOK (14% → 20% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 6.47m NOK → 4.39m NOK (-32.1% YoY). Calculated