AE FROGNER AS: årsregnskap 2019 vs 2018
Grew 6% on revenue, weaker earnings
approved 2020-04-17; registry 2020-06-30; journal 2020 515205
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AE FROGNER AS. Revenue 79.5k NOK → 84.2k NOK (+5.9%). Net result -37.7k NOK → -62.7k NOK. Equity 756.5k NOK → 693.8k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for AE FROGNER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 79.5k NOK to 84.2k NOK (+5.9% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -37.7k NOK → -62.7k NOK (net margin -47.5% → -74.4%). Calculated
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↓
Equity eroded
Book equity 756.5k NOK → 693.8k NOK (equity ratio 69.4% → 72.4%). Calculated
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↓
Cash fell
Bank deposits 601.8k NOK → 539.3k NOK (-10.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 465 NOK → 39.7k NOK (3% → 47% of revenue). Calculated