A JØRGENSEN AS: årsregnskap 2019 vs 2018
Grew 23% on revenue, returned to profit, cash halved-plus
approved 2020-05-06; registry 2020-05-12; journal 2020 347940
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A JØRGENSEN AS. Revenue 439.1k NOK → 541.8k NOK (+23.4%). Net result -11.7k NOK → +61.9k NOK. Equity 694.2k NOK → 436.1k NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for A JØRGENSEN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 439.1k NOK to 541.8k NOK (+23.4% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 11.7k NOK to a profit of 61.9k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 694.2k NOK → 436.1k NOK (equity ratio 86.7% → 77.4%). Calculated
-
↓
Cash fell
Bank deposits 308.6k NOK → 138.7k NOK (-55.0% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 360.8k NOK → 383.0k NOK (82% → 71% of revenue). Calculated