A. HESSELBERG AS: årsregnskap 2018 vs 2017
Grew 75% on revenue, weaker earnings
approved 2019-04-04; registry 2019-04-16; journal 2019 285990
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A. HESSELBERG AS. Revenue 2.07m NOK → 3.63m NOK (+75.3%). Net result +27.1k NOK → +1 121 NOK. Equity 57.1k NOK → 58.3k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for A. HESSELBERG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.07m NOK to 3.63m NOK (+75.3% YoY). Calculated
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↑
Equity strengthened
Book equity 57.1k NOK → 58.3k NOK (equity ratio 2.1% → 2.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +35.2k NOK → -3 525 NOK (op. margin 1.7% → -0.1%). Calculated
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↓
Net result weakened
Net result +27.1k NOK → +1 121 NOK (net margin 1.3% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 321.5k NOK → 199.7k NOK (-37.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 755 NOK → 2.43m NOK (0% → 67% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 545.0k NOK → 109 NOK (-100.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 30.0k NOK → 8 NOK. Reported fact