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Org.nr 913 214 439 2017 → 2018 Year-over-year analysis

A JOHANSEN AS: årsregnskap 2018 vs 2017

Shrank 17% on revenue, weaker earnings

approved 2019-06-20; registry 2019-07-06; journal 2019 620923

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for A JOHANSEN AS. Revenue 26.65m NOK → 22.07m NOK (-17.2%). Net result -1.90m NOK → -3.61m NOK. Equity 8.69m NOK → 5.08m NOK.

On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A JOHANSEN AS.

At a glance

Scorecard

Revenue
26.65m NOK 22.07m NOK
-17.2%
Operating result
-2.49m NOK -1.85m NOK
+25.9%
Net result
-1.90m NOK -3.61m NOK
-90.1%
Equity
8.69m NOK 5.08m NOK
-41.5%
Cash
2.13m NOK 3.00m NOK
+41.1%
Total assets
20.44m NOK 22.90m NOK
+12.0%

What improved

  • ↑

    Operating result improved

    Operating result -2.49m NOK → -1.85m NOK (op. margin -9.3% → -8.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.13m NOK → 3.00m NOK (+41.1% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 7.33m NOK → 6.11m NOK (28% → 28% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 26.65m NOK to 22.07m NOK (-17.2% YoY). Calculated

  • ↓

    Net result weakened

    Net result -1.90m NOK → -3.61m NOK (net margin -7.1% → -16.3%). Calculated

  • ↓

    Equity eroded

    Book equity 8.69m NOK → 5.08m NOK (equity ratio 42.5% → 22.2%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.13× → 0.88× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 15.16m NOK → 13.54m NOK (-10.7% YoY). Calculated