A B MATTESERVICE AS: årsregnskap 2018 vs 2017
Grew 35% on revenue
approved 2019-02-27; registry 2019-03-12; journal 2019 233273
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A B MATTESERVICE AS. Revenue 5.31m NOK → 7.17m NOK (+35.0%). Equity 609.6k NOK → 218.9k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A B MATTESERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.31m NOK to 7.17m NOK (+35.0% YoY). Calculated
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↑
Cash rose
Bank deposits 447.9k NOK → 523.4k NOK (+16.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 609.6k NOK → 218.9k NOK (equity ratio 11.0% → 3.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.09× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 213.0k NOK → 561.4k NOK (+163.6% YoY). Calculated