A OLSEN & SØNN AS: årsregnskap 2019 vs 2018
Shrank 26% on revenue
approved 2020-03-12; registry 2020-04-04; journal 2020 276520
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A OLSEN & SØNN AS. Revenue 4.40m NOK → 3.25m NOK (-26.2%). Equity 1.74m NOK → 1.53m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
Revenue
4.40m NOK
3.25m NOK
-26.2%
Operating result
n/m
+183.0k NOK
—
Net result
n/m
+91.6k NOK
—
Equity
1.74m NOK
1.53m NOK
-12.0%
Cash
1 128 NOK
975.1k NOK
+86347.3%
Total assets
4.30m NOK
6.36m NOK
+47.9%
What improved
-
↑
Cash rose
Bank deposits 1 128 NOK → 975.1k NOK (+86347.3% YoY). Calculated
-
↑
Payroll decreased
Salary cost 1.49m NOK → 1.46m NOK (34% → 45% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 4.40m NOK to 3.25m NOK (-26.2% YoY). Calculated
-
↓
Equity eroded
Book equity 1.74m NOK → 1.53m NOK (equity ratio 40.4% → 24.0%). Calculated