A JONASSEN AS: årsregnskap 2019 vs 2018
Shrank 17% on revenue, stronger earnings
approved 2020-08-25; registry 2020-09-05; journal 2020 758802
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A JONASSEN AS. Revenue 2.68m NOK → 2.24m NOK (-16.7%). Net result -194.9k NOK → -98.3k NOK. Equity 339.2k NOK → 240.9k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A JONASSEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -735.8k NOK → -85.7k NOK (op. margin -27.4% → -3.8%). Calculated
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↑
Net result improved
Net result -194.9k NOK → -98.3k NOK (net margin -7.3% → -4.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.68m NOK to 2.24m NOK (-16.7% YoY). Calculated
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↓
Equity eroded
Book equity 339.2k NOK → 240.9k NOK (equity ratio 23.9% → 25.9%). Calculated
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↓
Cash fell
Bank deposits 34.1k NOK → 29.0k NOK (-14.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.02m NOK → 2.89m NOK (38% → 129% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.36m NOK → 75.3k NOK (-94.5% YoY). Calculated