705 SENTERET AS: årsregnskap 2018 vs 2017
Grew 28% on revenue, weaker earnings
approved 2019-06-27; registry 2019-07-31; journal 2019 829843
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 705 SENTERET AS. Revenue 386.2k NOK → 496.2k NOK (+28.5%). Net result +69.7k NOK → +23.3k NOK. Equity -313.5k NOK → -336.8k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 705 SENTERET AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 386.2k NOK to 496.2k NOK (+28.5% YoY). Calculated
-
↑
Operating result improved
Operating result +46.2k NOK → +107.7k NOK (op. margin 12.0% → 21.7%). Calculated
-
↑
Cash rose
Bank deposits 42.6k NOK → 51.7k NOK (+21.4% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +69.7k NOK → +23.3k NOK (net margin 18.0% → 4.7%). Calculated
-
↓
Equity eroded
Book equity -313.5k NOK → -336.8k NOK (equity ratio -11.4% → -12.7%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -12.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation