AESSEAL NORDIC AS: årsregnskap 2019 vs 2018
Slipped into loss
approved 2020-06-30; registry 2020-07-14; journal 2020 571285
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AESSEAL NORDIC AS. Revenue 2.28m NOK → 2.30m NOK (+1.0%). Net result +27.1k NOK → -173.9k NOK. Equity 2.13m NOK → 1.96m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for AESSEAL NORDIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.28m NOK to 2.30m NOK (+1.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +25.9k NOK → -175.0k NOK (op. margin 1.1% → -7.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 27.1k NOK profit to a loss of 173.9k NOK. Calculated
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↓
Equity eroded
Book equity 2.13m NOK → 1.96m NOK (equity ratio 49.2% → 33.0%). Calculated
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↓
Cash fell
Bank deposits 139.2k NOK → 79.6k NOK (-42.8% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 593.8k NOK → 617.5k NOK (26% → 27% of revenue). Calculated