A.J. FISHING NORWAY AS: årsregnskap 2019 vs 2018
Shrank 25% on revenue, weaker earnings
approved 2020-07-20; registry 2020-10-08; journal 2020 937484
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A.J. FISHING NORWAY AS. Revenue 404.9k NOK → 304.9k NOK (-24.7%). Net result +570.7k NOK → +1 003 NOK. Equity 53.4k NOK → 54.4k NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 53.4k NOK → 54.4k NOK (equity ratio 81.1% → 53.3%). Calculated
-
↑
Cash rose
Bank deposits 217 NOK → 163.2k NOK (+75115.2% YoY). Calculated
-
↑
Payroll decreased
Salary cost 384.7k NOK → 300.3k NOK (95% → 99% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 404.9k NOK to 304.9k NOK (-24.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +9 735 NOK → -3 951 NOK (op. margin 2.4% → -1.3%). Calculated
-
↓
Net result weakened
Net result +570.7k NOK → +1 003 NOK (net margin 140.9% → 0.3%). Calculated