A KRISTIANSEN HOLDING AS: årsregnskap 2018 vs 2017
Grew 75% on revenue, stronger earnings
approved 2019-02-19; registry 2019-02-25; journal 2019 214647
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A KRISTIANSEN HOLDING AS. Revenue 207.9k NOK → 363.6k NOK (+74.9%). Net result +193.3k NOK → +346.4k NOK. Equity 725.3k NOK → 71.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A KRISTIANSEN HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 207.9k NOK to 363.6k NOK (+74.9% YoY). Calculated
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↑
Operating result improved
Operating result +197.9k NOK → +353.6k NOK (op. margin 95.2% → 97.2%). Calculated
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↑
Net result improved
Net result +193.3k NOK → +346.4k NOK (net margin 93.0% → 95.2%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 725.3k NOK → 71.6k NOK (equity ratio 49.3% → 3.7%). Calculated
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↓
Cash fell
Bank deposits 461.1k NOK → 364.9k NOK (-20.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.01m NOK → 1.56m NOK. Reported fact