123KULDE AS: årsregnskap 2018 vs 2017
Grew 429% on revenue, stronger earnings
approved 2019-04-29; registry 2019-06-24; journal 2019 515748
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 123KULDE AS. Revenue 377.7k NOK → 2.00m NOK (+428.8%). Net result +500 NOK → +156.8k NOK. Equity 166.0k NOK → 252.7k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 123KULDE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 377.7k NOK to 2.00m NOK (+428.8% YoY). Calculated
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↑
Net result improved
Net result +500 NOK → +156.8k NOK (net margin 0.1% → 7.8%). Calculated
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↑
Equity strengthened
Book equity 166.0k NOK → 252.7k NOK (equity ratio 41.8% → 51.0%). Calculated
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↑
Cash rose
Bank deposits 205.6k NOK → 357.8k NOK (+74.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +264.2k NOK → +204.4k NOK (op. margin 69.9% → 10.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 638.4k NOK → 724.3k NOK (169% → 36% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 448.6k NOK → 717.6k NOK (+60.0% YoY). Calculated