A O GREVSTAD EIENDOM AS: årsregnskap 2018 vs 2017
Returned to profit
approved 2019-06-30; registry 2019-07-11; journal 2019 675767
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A O GREVSTAD EIENDOM AS. Revenue 13.91m NOK → 14.42m NOK (+3.6%). Net result -900.6k NOK → +159.0k NOK. Equity 5.70m NOK → 3.86m NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A O GREVSTAD EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.91m NOK to 14.42m NOK (+3.6% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 900.6k NOK to a profit of 159.0k NOK. Calculated
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↑
Cash rose
Bank deposits 1.65m NOK → 2.36m NOK (+43.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 5.70m NOK → 3.86m NOK (equity ratio 4.8% → 3.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 1.44m NOK → 1.75m NOK (+21.5% YoY). Calculated