ADMINS AS: årsregnskap 2019 vs 2018
Shrank 15% on revenue
approved 2020-01-22; registry 2020-01-27; journal 2020 203228
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADMINS AS. Revenue 272.5k NOK → 231.8k NOK (-15.0%). Net result +23.2k NOK → +18.4k NOK. Equity 234.6k NOK → 153.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMINS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 57.2k NOK → 30.5k NOK (21% → 13% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 272.5k NOK to 231.8k NOK (-15.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +29.3k NOK → +25.3k NOK (op. margin 10.7% → 10.9%). Calculated
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↓
Net result weakened
Net result +23.2k NOK → +18.4k NOK (net margin 8.5% → 7.9%). Calculated
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↓
Equity eroded
Book equity 234.6k NOK → 153.0k NOK (equity ratio 66.6% → 49.1%). Calculated
-
↓
Cash fell
Bank deposits 338.8k NOK → 311.8k NOK (-8.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 138.2k NOK → 124.4k NOK (-10.0% YoY). Calculated