1-2-3 BYGG VEST AS: årsregnskap 2018 vs 2017
Weaker earnings
approved 2019-02-28; registry 2019-03-04; journal 2019 221671
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 1-2-3 BYGG VEST AS. Revenue 1.28m NOK → 1.34m NOK (+4.6%). Net result +650.4k NOK → +54.6k NOK. Equity 87.2k NOK → 32.6k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 1-2-3 BYGG VEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.28m NOK to 1.34m NOK (+4.6% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +650.4k NOK → +54.6k NOK (net margin 50.6% → 4.1%). Calculated
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↓
Equity eroded
Book equity 87.2k NOK → 32.6k NOK (equity ratio 23.9% → 9.4%). Calculated
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↓
Cash fell
Bank deposits 184.7k NOK → 134.0k NOK (-27.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1.09m NOK → 3.12m NOK (85% → 232% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 53.0k NOK → 103.6k NOK (+95.7% YoY). Calculated