A.I VARMEPUMPER AS: årsregnskap 2018 vs 2017
Grew 18% on revenue, returned to profit
approved 2019-01-31; registry 2019-02-28; journal 2019 218903
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A.I VARMEPUMPER AS. Revenue 5.44m NOK → 6.44m NOK (+18.3%). Net result -28.4k NOK → +256.4k NOK. Equity 372.8k NOK → 629.2k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for A.I VARMEPUMPER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.44m NOK to 6.44m NOK (+18.3% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 28.4k NOK to a profit of 256.4k NOK. Calculated
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↑
Equity strengthened
Book equity 372.8k NOK → 629.2k NOK (equity ratio 21.1% → 38.7%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.23× → 1.80×. Calculated
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↑
Payroll decreased
Salary cost 956.7k NOK → 162.1k NOK (18% → 3% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 41.6k NOK → 39.6k NOK (-4.8% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 3.62m NOK → 3.99m NOK (+10.1% YoY). Calculated