A&B RENHOLD AS: årsregnskap 2018 vs 2017
Grew 273% on revenue, stronger earnings
approved 2019-06-30; registry 2019-07-24; journal 2019 782910
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A&B RENHOLD AS. Revenue 536.5k NOK → 2.00m NOK (+273.0%). Net result +5 237 NOK → +57.1k NOK. Equity 22.0k NOK → -35.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A&B RENHOLD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 536.5k NOK to 2.00m NOK (+273.0% YoY). Calculated
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Operating result improved
Operating result +769 NOK → +49.6k NOK (op. margin 0.1% → 2.5%). Calculated
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Net result improved
Net result +5 237 NOK → +57.1k NOK (net margin 1.0% → 2.9%). Calculated
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Cash rose
Bank deposits 61.8k NOK → 304.3k NOK (+392.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 22.0k NOK → -35.1k NOK (equity ratio 4.1% → -6.6%). Calculated
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Current ratio dropped below 1×
Current ratio 1.10× → 0.95× — 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 -6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.31m NOK → 1.71m NOK (244% → 86% of revenue). Calculated
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COGS moved
COGS / varekostnad 47.3k NOK → 101.4k NOK (+114.2% YoY). Calculated