A/S SCAN AFRICAN: årsregnskap 2019 vs 2018
Shrank 48% on revenue, weaker earnings
approved 2020-08-27; registry 2020-09-03; journal 2020 741184
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A/S SCAN AFRICAN. Revenue 743.1k NOK → 389.6k NOK (-47.6%). Net result +3.70m NOK → +3 696 NOK. Equity 7.39m NOK → 6.78m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A/S SCAN AFRICAN.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 743.1k NOK to 389.6k NOK (-47.6% YoY). Calculated
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Operating result weakened
Operating result +602.1k NOK → -583.1k NOK (op. margin 81.0% → -149.7%). Calculated
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↓
Net result weakened
Net result +3.70m NOK → +3 696 NOK (net margin 497.5% → 0.9%). Calculated
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↓
Equity eroded
Book equity 7.39m NOK → 6.78m NOK (equity ratio 69.5% → 67.6%). Calculated
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Cash fell
Bank deposits 4.22m NOK → 3.37m NOK (-20.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 133.5k NOK → 23.8k NOK (-82.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 205.0k NOK → 411 NOK. Reported fact