A-GLASS AS: årsregnskap 2018 vs 2017
Weaker earnings
approved 2019-02-15; registry 2019-04-04; journal 2019 266654
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A-GLASS AS. Revenue 1.60m NOK → 1.56m NOK (-2.6%). Net result +70.3k NOK → +54.5k NOK. Equity 174.2k NOK → 228.7k NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A-GLASS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 174.2k NOK → 228.7k NOK (equity ratio 39.2% → 46.4%). Calculated
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↑
Cash rose
Bank deposits 304.3k NOK → 366.6k NOK (+20.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 998.1k NOK → 135.1k NOK (62% → 9% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.60m NOK to 1.56m NOK (-2.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +81.7k NOK → +63.6k NOK (op. margin 5.1% → 4.1%). Calculated
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↓
Net result weakened
Net result +70.3k NOK → +54.5k NOK (net margin 4.4% → 3.5%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 250.3k NOK → 127.6k NOK (-49.0% YoY). Calculated