FirmaIQ
Org.nr 976 521 803 2018 → 2019 Year-over-year analysis

AB FJORDLAND AS: årsregnskap 2019 vs 2018

Grew 53% on revenue, cash halved-plus

approved 2020-06-30; registry 2020-09-02; journal 2020 725001

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AB FJORDLAND AS. Revenue 8.10m NOK → 12.42m NOK (+53.4%). Net result -1.77m NOK → -1.72m NOK. Equity 17.87m NOK → 16.14m NOK.

On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for AB FJORDLAND AS.

At a glance

Scorecard

Revenue
8.10m NOK 12.42m NOK
+53.4%
Operating result
-280.2k NOK -203.9k NOK
+27.2%
Net result
-1.77m NOK -1.72m NOK
+2.7%
Equity
17.87m NOK 16.14m NOK
-9.6%
Cash
760.2k NOK 319.9k NOK
-57.9%
Total assets
75.61m NOK 66.05m NOK
-12.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 8.10m NOK to 12.42m NOK (+53.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -280.2k NOK → -203.9k NOK (op. margin -3.5% → -1.6%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 17.87m NOK → 16.14m NOK (equity ratio 23.6% → 24.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 760.2k NOK → 319.9k NOK (-57.9% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 4.00m NOK → 8.06m NOK (+101.3% YoY). Calculated