2S TILLER & NÆSS MALERSERVICE - JOMFRUSLETTFJELL HYTTESERVICE AS: årsregnskap 2018 vs 2017
Grew 50% on revenue, slipped into loss
approved 2019-05-30; registry 2019-06-18; journal 2019 459705
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 2S TILLER & NÆSS MALERSERVICE - JOMFRUSLETTFJELL HYTTESERVICE AS. Revenue 597.5k NOK → 897.3k NOK (+50.2%). Net result +29.3k NOK → -49.6k NOK. Equity 32.1k NOK → -17.5k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 2S TILLER & NÆSS MALERSERVICE - JOMFRUSLETTFJELL HYTTESERVICE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 597.5k NOK to 897.3k NOK (+50.2% YoY). Calculated
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↑
Cash rose
Bank deposits 28.5k NOK → 52.5k NOK (+84.5% YoY). Calculated
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Payroll decreased
Salary cost 270.5k NOK → 33.5k NOK (45% → 4% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +39.9k NOK → -60.9k NOK (op. margin 6.7% → -6.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 29.3k NOK profit to a loss of 49.6k NOK. Calculated
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↓
Equity eroded
Book equity 32.1k NOK → -17.5k NOK (equity ratio 112.9% → -14.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -14.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 115.3k NOK → 186.2k NOK (+61.5% YoY). Calculated