A.N.F TRADING INTERNATIONAL AS: årsregnskap 2018 vs 2017
Grew 62% on revenue, stronger earnings
approved 2019-07-19; registry 2019-07-27; journal 2019 803166
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A.N.F TRADING INTERNATIONAL AS. Revenue 583.2k NOK → 944.5k NOK (+62.0%). Net result +134.9k NOK → +388.7k NOK. Equity 159.3k NOK → 548 NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A.N.F TRADING INTERNATIONAL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 583.2k NOK to 944.5k NOK (+62.0% YoY). Calculated
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↑
Net result improved
Net result +134.9k NOK → +388.7k NOK (net margin 23.1% → 41.2%). Calculated
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Cash rose
Bank deposits 57.1k NOK → 346.2k NOK (+505.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 159.3k NOK → 548 NOK (equity ratio 31.5% → 0.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 20.1k NOK → 5.76m NOK (3% → 610% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 266.2k NOK → 712.2k NOK (+167.6% YoY). Calculated