A J BREIVIK EIENDOM AS: årsregnskap 2018 vs 2017
Grew 18% on revenue, cash halved-plus
approved 2019-06-18; registry 2019-07-06; journal 2019 619573
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A J BREIVIK EIENDOM AS. Revenue 660 NOK → 780 NOK (+18.2%). Net result +190.8k NOK → +158.0k NOK. Equity 509.4k NOK → 667.4k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A J BREIVIK EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 660 NOK to 780 NOK (+18.2% YoY). Calculated
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↑
Equity strengthened
Book equity 509.4k NOK → 667.4k NOK (equity ratio 11.8% → 6.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +411.0k NOK → +337.6k NOK (op. margin 62272.9% → 43288.3%). Calculated
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↓
Net result weakened
Net result +190.8k NOK → +158.0k NOK (net margin 28914.2% → 20250.5%). Calculated
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↓
Cash fell
Bank deposits 371.3k NOK → 58.1k NOK (-84.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.60× → 0.24× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation