FirmaIQ
Org.nr 919 139 420 2017 → 2018 Year-over-year analysis

4SUBSEA ASTORI AS: årsregnskap 2018 vs 2017

Grew 310435% on revenue

approved 2019-03-12; registry 2019-07-11; journal 2019 689030

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 4SUBSEA ASTORI AS. Revenue 3 273 NOK → 10.16m NOK (+310435.2%). Equity 985.4k NOK → 651.5k NOK.

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

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 4SUBSEA ASTORI AS.

At a glance

Scorecard

Revenue
3 273 NOK 10.16m NOK
+310435.2%
Operating result
+1 254 NOK +3.85m NOK
+307027.0%
Equity
985.4k NOK 651.5k NOK
-33.9%
Cash
1 025 NOK 3.81m NOK
+371188.6%
Total assets
2.92m NOK 12.00m NOK
+310.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3 273 NOK to 10.16m NOK (+310435.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1 254 NOK → +3.85m NOK (op. margin 38.3% → 37.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 1 025 NOK → 3.81m NOK (+371188.6% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 30.4k NOK → 36.0k NOK (+5 570 NOK). Reported fact

What deteriorated

  • ↓

    Equity eroded

    Book equity 985.4k NOK → 651.5k NOK (equity ratio 33.7% → 5.4%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 5.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 1 460 NOK → 2.89m NOK (45% → 28% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 229.3k NOK → 649.2k NOK (+183.1% YoY). Calculated