ADORN FRISØR AS: årsregnskap 2019 vs 2018
Shrank 9% on revenue, stronger earnings
approved 2020-05-19; registry 2020-06-04; journal 2020 392408
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADORN FRISØR AS. Revenue 2.22m NOK → 2.02m NOK (-8.7%). Net result +2 NOK → +29.35bn NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADORN FRISØR AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +2 NOK → +29.35bn NOK (net margin 0.0% → 1449802.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.22m NOK to 2.02m NOK (-8.7% YoY). Calculated
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↓
Operating result weakened
Operating result +169.0k NOK → +41.3k NOK (op. margin 7.6% → 2.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 356.9k NOK → 1.32m NOK (16% → 65% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 332.8k NOK → 274.7k NOK (-17.5% YoY). Calculated