AGENTUR ROALD KVERNELAND AS: årsregnskap 2019 vs 2018
Grew 10% on revenue, returned to profit
approved 2020-06-30; registry 2020-09-28; journal 2020 876047
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGENTUR ROALD KVERNELAND AS. Revenue 2.57m NOK → 2.83m NOK (+10.3%). Net result -4 030 NOK → +967.9k NOK. Equity 3.88m NOK → 2.92m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AGENTUR ROALD KVERNELAND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.57m NOK to 2.83m NOK (+10.3% YoY). Calculated
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↑
Operating result improved
Operating result +33.4k NOK → +963.5k NOK (op. margin 1.3% → 34.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 4 030 NOK to a profit of 967.9k NOK. Calculated
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↑
Cash rose
Bank deposits 799.2k NOK → 864.5k NOK (+8.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 3.88m NOK → 2.92m NOK (equity ratio 91.6% → 79.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 524.1k NOK → 571.4k NOK (20% → 20% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.22m NOK → 2.26m NOK (+85.5% YoY). Calculated