STRONGPOINT ASA: årsregnskap 2019 vs 2018
Grew 7% on revenue, stronger earnings
approved 2020-04-29; registry 2020-05-05; journal 2020 325688
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for STRONGPOINT ASA. Revenue 16.01m NOK → 17.16m NOK (+7.2%). Net result +13.45m NOK → +31.87m NOK. Equity 202.18m NOK → 281.0k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; cogs moved; book investments changed. All figures are taken from the published annual accounts for STRONGPOINT ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 16.01m NOK to 17.16m NOK (+7.2% YoY). Calculated
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Net result improved
Net result +13.45m NOK → +31.87m NOK (net margin 84.0% → 185.7%). Calculated
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Cash rose
Bank deposits 26.98m NOK → 39.50m NOK (+46.4% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.16× → 474.10×. Calculated
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Payroll decreased
Salary cost 21.86m NOK → 15.72m NOK (137% → 92% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 202.18m NOK → 281.0k NOK (equity ratio 44.6% → 53.2%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 27.45m NOK → 27.41m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 12.53m NOK → 12.58m NOK (+0.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 12.70m NOK → 410.2k NOK. Reported fact