A.HILDONEN BAKERI & KONDITORI AS: årsregnskap 2018 vs 2017
Shrank 7% on revenue, weaker earnings
approved 2019-03-21; registry 2019-03-27; journal 2019 252911
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A.HILDONEN BAKERI & KONDITORI AS. Revenue 9.18m NOK → 8.55m NOK (-6.9%). Net result +241.3k NOK → +60.2k NOK. Equity -68.1k NOK → -7 984 NOK.
On the constructive side: equity strengthened; cash rose. 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.HILDONEN BAKERI & KONDITORI AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -68.1k NOK → -7 984 NOK (equity ratio -3.2% → -0.4%). Calculated
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↑
Cash rose
Bank deposits 677.5k NOK → 764.6k NOK (+12.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.18m NOK to 8.55m NOK (-6.9% YoY). Calculated
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↓
Operating result weakened
Operating result +150.9k NOK → +86.6k NOK (op. margin 1.6% → 1.0%). Calculated
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↓
Net result weakened
Net result +241.3k NOK → +60.2k NOK (net margin 2.6% → 0.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.32m NOK → 3.97m NOK (14% → 46% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.39m NOK → 2.03m NOK (-14.9% YoY). Calculated