A. BÅTSERVICE AS: årsregnskap 2018 vs 2017
Grew 167% on revenue
approved 2019-05-26; registry 2019-06-24; journal 2019 507801
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A. BÅTSERVICE AS. Revenue 476.5k NOK → 1.27m NOK (+167.4%). Net result +11 NOK → +11 NOK. Equity 42.8k NOK → -41.8k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A. BÅTSERVICE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 476.5k NOK to 1.27m NOK (+167.4% YoY). Calculated
-
↑
Operating result improved
Operating result +48.4k NOK → +83.3k NOK (op. margin 10.2% → 6.5%). Calculated
-
↑
Cash rose
Bank deposits 77.9k NOK → 134.9k NOK (+73.1% YoY). Calculated
-
↑
Payroll decreased
Salary cost 3.41m NOK → 2 NOK (716% → 0% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 42.8k NOK → -41.8k NOK (equity ratio 13.7% → -15.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -15.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 459.1k NOK → 305.8k NOK (-33.4% YoY). Calculated