ADMIN & IT CONSULT AS: årsregnskap 2019 vs 2018
Shrank 65% on revenue, weaker earnings, cash halved-plus
approved 2020-08-30; registry 2020-09-05; journal 2020 755963
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADMIN & IT CONSULT AS. Revenue 462.6k NOK → 160.6k NOK (-65.3%). Net result +69.0k NOK → +3 136 NOK. Equity 30.0k NOK → 33.1k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 30.0k NOK → 33.1k NOK (equity ratio 7.4% → 32.3%). Calculated
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↑
Payroll decreased
Salary cost 220.8k NOK → 94.3k NOK (48% → 59% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 462.6k NOK to 160.6k NOK (-65.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +105.5k NOK → +3 654 NOK (op. margin 22.8% → 2.3%). Calculated
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↓
Net result weakened
Net result +69.0k NOK → +3 136 NOK (net margin 14.9% → 2.0%). Calculated
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↓
Cash fell
Bank deposits 314.9k NOK → 5 747 NOK (-98.2% YoY). Calculated