AKADEMIET FREDRIKSTAD AS: årsregnskap 2019 vs 2018
Weaker earnings
approved 2020-05-25; registry 2020-06-11; journal 2020 421934
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKADEMIET FREDRIKSTAD AS. Revenue 12.26m NOK → 11.73m NOK (-4.3%). Net result +8.76m NOK → +860.5k NOK. Equity 488.6k NOK → 1.35m NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AKADEMIET FREDRIKSTAD AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +769.0k NOK → +862.5k NOK (op. margin 6.3% → 7.4%). Calculated
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↑
Equity strengthened
Book equity 488.6k NOK → 1.35m NOK (equity ratio 22.1% → 46.6%). Calculated
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↑
Cash rose
Bank deposits 1.60m NOK → 2.14m NOK (+34.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.93× → 1.47×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 12.26m NOK to 11.73m NOK (-4.3% YoY). Calculated
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↓
Net result weakened
Net result +8.76m NOK → +860.5k NOK (net margin 71.5% → 7.3%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 12.27m NOK → 12.13m NOK (-1.2% YoY). Calculated