8M CONSULTING AS: årsregnskap 2018 vs 2017
Grew 9% on revenue, weaker earnings, cash halved-plus
approved 2019-02-26; registry 2019-03-12; journal 2019 232762
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 8M CONSULTING AS. Revenue 1.55m NOK → 1.68m NOK (+8.8%). Net result +20.3k NOK → +2 691 NOK. Equity 6.12m NOK → 120.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 8M CONSULTING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.55m NOK to 1.68m NOK (+8.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +22.0k NOK → +3 208 NOK (op. margin 1.4% → 0.2%). Calculated
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↓
Net result weakened
Net result +20.3k NOK → +2 691 NOK (net margin 1.3% → 0.2%). Calculated
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↓
Equity eroded
Book equity 6.12m NOK → 120.4k NOK (equity ratio 772.7% → 15.2%). Calculated
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↓
Cash fell
Bank deposits 669.3k NOK → 284.8k NOK (-57.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.35m NOK → 2.49m NOK (87% → 148% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 40.4k NOK → 31.7k NOK (-21.5% YoY). Calculated