A L Høyer Askim AS: årsregnskap 2018 vs 2017
Shrank 7% on revenue, stronger earnings
approved 2019-05-29; registry 2019-06-19; journal 2019 475715
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A L Høyer Askim AS. Revenue 9.49m NOK → 8.81m NOK (-7.1%). Net result +330.7k NOK → +430.2k NOK. Equity 945.2k NOK → 1.38m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A L Høyer Askim AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +428.1k NOK → +555.2k NOK (op. margin 4.5% → 6.3%). Calculated
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↑
Net result improved
Net result +330.7k NOK → +430.2k NOK (net margin 3.5% → 4.9%). Calculated
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↑
Equity strengthened
Book equity 945.2k NOK → 1.38m NOK (equity ratio 32.8% → 44.2%). Calculated
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↑
Payroll decreased
Salary cost 7.03m NOK → 6.90m NOK (74% → 78% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.49m NOK to 8.81m NOK (-7.1% YoY). Calculated
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↓
Cash fell
Bank deposits 1.94m NOK → 1.89m NOK (-2.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 701.9k NOK → 89.0k NOK (-87.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 7 500 NOK → 107.5k NOK. Reported fact