A G KJØSTVEDT AS: årsregnskap 2018 vs 2017
Grew 11% on revenue, weaker earnings, fresh owner capital
approved 2019-03-25; registry 2019-04-02; journal 2019 262353
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A G KJØSTVEDT AS. Revenue 4.08m NOK → 4.54m NOK (+11.5%). Net result -227.9k NOK → -299.9k NOK. Equity 1.44m NOK → 1.39m NOK.
On the constructive side: revenue rose; operating result improved; owners injected capital. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A G KJØSTVEDT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.08m NOK to 4.54m NOK (+11.5% YoY). Calculated
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↑
Operating result improved
Operating result -262.6k NOK → -149.9k NOK (op. margin -6.4% → -3.3%). Calculated
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↑
Owners injected capital
Paid-in equity rose 35.0k NOK → 284.1k NOK (+249.1k NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result -227.9k NOK → -299.9k NOK (net margin -5.6% → -6.6%). Calculated
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↓
Equity eroded
Book equity 1.44m NOK → 1.39m NOK (equity ratio 38.6% → 37.8%). Calculated
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↓
Cash fell
Bank deposits 1.03m NOK → 817.9k NOK (-20.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.05m NOK → 2.26m NOK (50% → 50% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.31m NOK → 1.42m NOK (+8.9% YoY). Calculated