FirmaIQ
Org.nr 994 986 775 2017 → 2018 Year-over-year analysis

123BILMEGLER HARDANGER AS: årsregnskap 2018 vs 2017

Stronger earnings

approved 2019-06-18; registry 2019-06-27; journal 2019 549001

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 123BILMEGLER HARDANGER AS. Revenue 5.87m NOK → 5.72m NOK (-2.5%). Net result +107.1k NOK → +368.5k NOK. Equity -313.7k NOK → -682.2k NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; cogs moved.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 123BILMEGLER HARDANGER AS.

At a glance

Scorecard

Revenue
5.87m NOK 5.72m NOK
-2.5%
Operating result
+26.4k NOK +264.2k NOK
+900.1%
Net result
+107.1k NOK +368.5k NOK
+244.1%
Equity
-313.7k NOK -682.2k NOK
-117.5%
Cash
56.3k NOK 329.0k NOK
+484.5%
Total assets
1.78m NOK 1.45m NOK
-18.2%

What improved

  • ↑

    Operating result improved

    Operating result +26.4k NOK → +264.2k NOK (op. margin 0.4% → 4.6%). Calculated

  • ↑

    Net result improved

    Net result +107.1k NOK → +368.5k NOK (net margin 1.8% → 6.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 56.3k NOK → 329.0k NOK (+484.5% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 262.9k NOK → 231.2k NOK (4% → 4% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.87m NOK to 5.72m NOK (-2.5% YoY). Calculated

  • ↓

    Equity eroded

    Book equity -313.7k NOK → -682.2k NOK (equity ratio -17.7% → -46.9%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 5.18m NOK → 5.24m NOK (+1.1% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -46.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation