ADMINCONS AS: årsregnskap 2019 vs 2018
Shrank 27% on revenue, stronger earnings
approved 2020-08-24; registry 2020-09-05; journal 2020 751228
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADMINCONS AS. Revenue 6.02m NOK → 4.41m NOK (-26.7%). Net result +110.3k NOK → +181.0k NOK. Equity 100.0k NOK → 281.0k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADMINCONS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +132.1k NOK → +230.7k NOK (op. margin 2.2% → 5.2%). Calculated
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Net result improved
Net result +110.3k NOK → +181.0k NOK (net margin 1.8% → 4.1%). Calculated
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Equity strengthened
Book equity 100.0k NOK → 281.0k NOK (equity ratio 14.9% → 30.7%). Calculated
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Payroll decreased
Salary cost 2.35m NOK → 1.81m NOK (39% → 41% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.02m NOK to 4.41m NOK (-26.7% YoY). Calculated
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↓
Cash fell
Bank deposits 269.0k NOK → 153.3k NOK (-43.0% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 1.97m NOK → 886.0k NOK (-55.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 356.4k NOK → 92.9k NOK. Reported fact