ACCESS OSLO AS: årsregnskap 2019 vs 2018
Grew 79% on revenue, weaker earnings
approved 2021-03-01; registry 2021-03-09; journal 2021 139341
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACCESS OSLO AS. Revenue 7.17m NOK → 12.82m NOK (+78.9%). Net result +1.40m NOK → +707.5k NOK. Equity -6.82m NOK → -6.11m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ACCESS OSLO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.17m NOK to 12.82m NOK (+78.9% YoY). Calculated
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↑
Operating result improved
Operating result +1 311 NOK → +1.11m NOK (op. margin 0.0% → 8.7%). Calculated
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↑
Equity strengthened
Book equity -6.82m NOK → -6.11m NOK (equity ratio -8099.3% → -369.6%). Calculated
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↑
Cash rose
Bank deposits 29.7k NOK → 79.9k NOK (+168.7% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +1.40m NOK → +707.5k NOK (net margin 19.6% → 5.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.79m NOK → 3.14m NOK (39% → 24% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 105.3k NOK → 3.44m NOK (+3162.7% YoY). Calculated