ADOLF JAHNSEN AS: årsregnskap 2019 vs 2018
Shrank 28% on revenue, cash halved-plus
approved 2020-09-18; registry 2020-09-30; journal 2020 878099
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADOLF JAHNSEN AS. Revenue 47.81m NOK → 34.31m NOK (-28.2%). Equity 2.27m NOK → -1.47m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADOLF JAHNSEN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 9.37m NOK → 6.63m NOK (20% → 19% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 47.81m NOK to 34.31m NOK (-28.2% YoY). Calculated
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↓
Operating result weakened
Operating result -2.34m NOK → -3.97m NOK (op. margin -4.9% → -11.6%). Calculated
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↓
Equity eroded
Book equity 2.27m NOK → -1.47m NOK (equity ratio 16.2% → -16.1%). Calculated
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↓
Cash fell
Bank deposits 268.6k NOK → 88.4k NOK (-67.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -16.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 36.16m NOK → 26.31m NOK (-27.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 601.2k NOK → 6 009 NOK. Reported fact