AGLEN SETTEFISK AS: årsregnskap 2019 vs 2018
Stronger earnings
approved 2020-06-12; registry 2020-09-02; journal 2020 727370
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AGLEN SETTEFISK AS. Revenue 13.36m NOK → 12.71m NOK (-4.8%). Net result +249.4k NOK → +1.44m NOK. Equity 1.45m NOK → 1.39m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGLEN SETTEFISK AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +603.7k NOK → +1.85m NOK (op. margin 4.5% → 14.5%). Calculated
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↑
Net result improved
Net result +249.4k NOK → +1.44m NOK (net margin 1.9% → 11.3%). Calculated
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↑
Cash rose
Bank deposits 673.3k NOK → 787.3k NOK (+16.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.54m NOK → 2.52m NOK (19% → 20% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 13.36m NOK to 12.71m NOK (-4.8% YoY). Calculated
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↓
Equity eroded
Book equity 1.45m NOK → 1.39m NOK (equity ratio 41.0% → 58.9%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 6.26m NOK → 4.93m NOK (-21.2% YoY). Calculated