ADDBRAND NORWAY AS: årsregnskap 2019 vs 2018
Stronger earnings
approved 2020-04-28; registry 2020-06-16; journal 2020 440977
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADDBRAND NORWAY AS. Revenue 45.81m NOK → 46.51m NOK (+1.5%). Net result -457.9k NOK → -281.7k NOK. Equity 5.92m NOK → 5.64m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ADDBRAND NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 45.81m NOK to 46.51m NOK (+1.5% YoY). Calculated
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↑
Operating result improved
Operating result -330.6k NOK → -258.0k NOK (op. margin -0.7% → -0.6%). Calculated
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↑
Net result improved
Net result -457.9k NOK → -281.7k NOK (net margin -1.0% → -0.6%). Calculated
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↑
Cash rose
Bank deposits 490.6k NOK → 891.0k NOK (+81.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 5.92m NOK → 5.64m NOK (equity ratio 32.1% → 35.6%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 27.96m NOK → 29.32m NOK (+4.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 28.9k NOK → 1 NOK. Reported fact