NOFENCE AS: årsregnskap 2019 vs 2018
Grew 136% on revenue, fresh owner capital
approved 2020-05-18; registry 2020-07-20; journal 2020 592767
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for NOFENCE AS. Revenue 5.52m NOK → 13.02m NOK (+135.8%). Equity 1.70m NOK → 17.62m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for NOFENCE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.52m NOK to 13.02m NOK (+135.8% YoY). Calculated
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↑
Equity strengthened
Book equity 1.70m NOK → 17.62m NOK (equity ratio 9.2% → 65.6%). Calculated
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↑
Cash rose
Bank deposits 246.6k NOK → 467.9k NOK (+89.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.53× → 1.00×. Calculated
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Owners injected capital
Paid-in equity rose 11.42m NOK → 34.17m NOK (+22.75m NOK). Reported fact
Things to notice
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·
Payroll increased
Salary cost 1.97m NOK → 3.21m NOK (36% → 25% of revenue). Calculated
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COGS moved
COGS / varekostnad 325.2k NOK → 11.11m NOK (+3317.1% YoY). Calculated