ADD ON FITNESS INTERNATIONAL AS: årsregnskap 2019 vs 2018
Grew 8% on revenue, weaker earnings
approved 2020-06-26; registry 2020-07-13; journal 2020 569411
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADD ON FITNESS INTERNATIONAL AS. Revenue 839.1k NOK → 907.5k NOK (+8.2%). Net result +231.8k NOK → +9 483 NOK. Equity 610.6k NOK → 601.1k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADD ON FITNESS INTERNATIONAL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 839.1k NOK to 907.5k NOK (+8.2% YoY). Calculated
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Operating result improved
Operating result +196.5k NOK → +205.3k NOK (op. margin 23.4% → 22.6%). Calculated
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Cash rose
Bank deposits 13.7k NOK → 123.1k NOK (+796.9% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +231.8k NOK → +9 483 NOK (net margin 27.6% → 1.0%). Calculated
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↓
Equity eroded
Book equity 610.6k NOK → 601.1k NOK (equity ratio 45.0% → 54.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 906.5k NOK → 1.01m NOK (108% → 111% of revenue). Calculated