GRUNDR AS: årsregnskap 2019 vs 2018
Shrank 91% on revenue, slipped into loss, cash halved-plus
approved 2020-06-24; registry 2020-07-09; journal 2020 570945
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for GRUNDR AS. Revenue 728.0k NOK → 62.8k NOK (-91.4%). Net result +3 000 NOK → -87.9k NOK. Equity 127.6k NOK → 39.6k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for GRUNDR AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -30.4k NOK → +6 102 NOK (op. margin -4.2% → 9.7%). Calculated
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Payroll decreased
Salary cost 628.9k NOK → -11.2k NOK (86% → -18% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 728.0k NOK to 62.8k NOK (-91.4% YoY). Calculated
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Fell into a net loss
Net result flipped from 3 000 NOK profit to a loss of 87.9k NOK. Calculated
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Equity eroded
Book equity 127.6k NOK → 39.6k NOK (equity ratio 50.8% → 32.9%). Calculated
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Cash fell
Bank deposits 30.8k NOK → 8 252 NOK (-73.2% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 32.1k NOK → 38.1k NOK. Reported fact