AGENDA HAIR AS: årsregnskap 2019 vs 2018
Grew 12% on revenue, weaker earnings
approved 2020-02-28; registry 2020-03-14; journal 2020 241193
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGENDA HAIR AS. Revenue 3.54m NOK → 3.97m NOK (+12.2%). Net result +199.5k NOK → +3 199 NOK. Equity 402.2k NOK → 707.2k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AGENDA HAIR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.54m NOK to 3.97m NOK (+12.2% YoY). Calculated
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↑
Operating result improved
Operating result +261.5k NOK → +393.6k NOK (op. margin 7.4% → 9.9%). Calculated
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Equity strengthened
Book equity 402.2k NOK → 707.2k NOK (equity ratio 30.0% → 48.7%). Calculated
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↑
Cash rose
Bank deposits 844.9k NOK → 927.0k NOK (+9.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.18× → 1.75×. Calculated
What deteriorated
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↓
Net result weakened
Net result +199.5k NOK → +3 199 NOK (net margin 5.6% → 0.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.09m NOK → 2.26m NOK (59% → 57% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 467.9k NOK → 563.7k NOK (+20.5% YoY). Calculated