A-MASKIN AS: årsregnskap 2018 vs 2017
Shrank 39% on revenue
approved 2019-08-07; registry 2019-08-20; journal 2019 924112
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A-MASKIN AS. Revenue 12.06m NOK → 7.38m NOK (-38.8%). Equity -366.9k NOK → -1.10m NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A-MASKIN AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -207.44m NOK → -687.3k NOK (op. margin -1719.6% → -9.3%). Calculated
-
↑
Payroll decreased
Salary cost 1.18m NOK → 1.15m NOK (10% → 16% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 12.06m NOK to 7.38m NOK (-38.8% YoY). Calculated
-
↓
Equity eroded
Book equity -366.9k NOK → -1.10m NOK (equity ratio -7.9% → -37.4%). Calculated
-
↓
Cash fell
Bank deposits 605.2k NOK → 472.5k NOK (-21.9% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -37.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 10.38m NOK → 6.09m NOK (-41.3% YoY). Calculated