A-FORM AS: årsregnskap 2018 vs 2017
Grew 58% on revenue, weaker earnings
approved 2019-05-22; registry 2019-06-13; journal 2019 416446
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A-FORM AS. Revenue 1.73m NOK → 2.75m NOK (+58.5%). Net result +86.1k NOK → +7 554 NOK. Equity 97.0k NOK → 104.5k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for A-FORM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.73m NOK to 2.75m NOK (+58.5% YoY). Calculated
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↑
Equity strengthened
Book equity 97.0k NOK → 104.5k NOK (equity ratio 11.4% → 33.7%). Calculated
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↑
Cash rose
Bank deposits 9 047 NOK → 38.3k NOK (+323.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.29m NOK → 1.09m NOK (74% → 40% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +140.7k NOK → +29.6k NOK (op. margin 8.1% → 1.1%). Calculated
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↓
Net result weakened
Net result +86.1k NOK → +7 554 NOK (net margin 5.0% → 0.3%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 634.3k NOK → 797.5k NOK (+25.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 176.4k NOK → 48.8k NOK. Reported fact