ADJE RENHOLD AS: årsregnskap 2019 vs 2018
Grew 51% on revenue, returned to profit
approved 2020-03-23; registry 2020-07-13; journal 2020 584054
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADJE RENHOLD AS. Revenue 611.4k NOK → 923.6k NOK (+51.1%). Net result -82.4k NOK → +131.7k NOK. Equity -20.9k NOK → 11.11m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADJE RENHOLD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 611.4k NOK to 923.6k NOK (+51.1% YoY). Calculated
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Operating result improved
Operating result -81.9k NOK → +147.8k NOK (op. margin -13.4% → 16.0%). Calculated
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Turned profitable
Net result flipped from a loss of 82.4k NOK to a profit of 131.7k NOK. Calculated
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Equity strengthened
Book equity -20.9k NOK → 11.11m NOK (equity ratio -16.4% → 4687.1%). Calculated
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Cash rose
Bank deposits 57.5k NOK → 205.0k NOK (+256.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.55m NOK → 3.62m NOK (580% → 392% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 747 NOK → 397.7k NOK (+53145.9% YoY). Calculated