A BRAND AS: årsregnskap 2018 vs 2017
Grew 6% on revenue, returned to profit
approved 2019-05-31; registry 2019-06-25; journal 2019 520978
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A BRAND AS. Revenue 1.70m NOK → 1.81m NOK (+6.1%). Net result -944.5k NOK → +443.2k NOK. Equity -569.5k NOK → -126.2k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A BRAND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.70m NOK to 1.81m NOK (+6.1% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 944.5k NOK to a profit of 443.2k NOK. Calculated
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↑
Equity strengthened
Book equity -569.5k NOK → -126.2k NOK (equity ratio -552.5% → -6.9%). Calculated
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↑
Cash rose
Bank deposits 210.6k NOK → 280.5k NOK (+33.2% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 2.35× → 0.29× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1 NOK → 1.31m NOK (0% → 73% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 130.6k NOK → 139.8k NOK (+7.1% YoY). Calculated