A.M. VIK & CO AS: årsregnskap 2018 vs 2017
Shrank 20% on revenue, stronger earnings
approved 2019-06-28; registry 2019-07-09; journal 2019 710780
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A.M. VIK & CO AS. Revenue 1.02m NOK → 815.9k NOK (-19.9%). Net result +875 NOK → +19.3k NOK. Equity 171.2k NOK → 12.19m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A.M. VIK & CO AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +577 NOK → +25.1k NOK (op. margin 0.1% → 3.1%). Calculated
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Net result improved
Net result +875 NOK → +19.3k NOK (net margin 0.1% → 2.4%). Calculated
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Equity strengthened
Book equity 171.2k NOK → 12.19m NOK (equity ratio 44.3% → 1536.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.02m NOK to 815.9k NOK (-19.9% YoY). Calculated
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↓
Cash fell
Bank deposits 302.7k NOK → 209.3k NOK (-30.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.79× → 0.49× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 728.9k NOK → 3.73m NOK (72% → 457% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 218.1k NOK → 44.2k NOK (-79.7% YoY). Calculated