A JØRGENSEN AS: årsregnskap 2018 vs 2017
Stronger earnings
approved 2019-04-10; registry 2019-04-30; journal 2019 292781
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A JØRGENSEN AS. Revenue 449.1k NOK → 439.1k NOK (-2.2%). Net result -136.6k NOK → -11.7k NOK. Equity 705.9k NOK → 694.2k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A JØRGENSEN AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -136.6k NOK → -11.7k NOK (net margin -30.4% → -2.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 449.1k NOK to 439.1k NOK (-2.2% YoY). Calculated
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↓
Equity eroded
Book equity 705.9k NOK → 694.2k NOK (equity ratio 91.0% → 86.7%). Calculated
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↓
Cash fell
Bank deposits 359.4k NOK → 308.6k NOK (-14.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 355.5k NOK → 360.8k NOK (79% → 82% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 162.9k NOK → 375.0k NOK. Reported fact