7610 RAMPA AS: årsregnskap 2018 vs 2017
Weaker earnings
approved 2019-06-30; registry 2019-07-29; journal 2019 805526
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 7610 RAMPA AS. Revenue 5.10m NOK → 5.01m NOK (-1.8%). Net result -166.1k NOK → -388.3k NOK. Equity -179.4k NOK → -567.7k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 7610 RAMPA AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 69.3k NOK → 117.8k NOK (+70.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.95× → 1.02×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.10m NOK to 5.01m NOK (-1.8% YoY). Calculated
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↓
Operating result weakened
Operating result -152.7k NOK → -351.8k NOK (op. margin -3.0% → -7.0%). Calculated
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↓
Net result weakened
Net result -166.1k NOK → -388.3k NOK (net margin -3.3% → -7.8%). Calculated
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↓
Equity eroded
Book equity -179.4k NOK → -567.7k NOK (equity ratio -21.4% → -63.4%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.14m NOK → 2.19m NOK (42% → 44% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -63.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.64m NOK → 2.55m NOK (-3.4% YoY). Calculated