A O GREVSTAD EIENDOMSDRIFT AS: årsregnskap 2018 vs 2017
Shrank 12% on revenue, cash halved-plus
approved 2019-06-30; registry 2019-07-11; journal 2019 675953
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A O GREVSTAD EIENDOMSDRIFT AS. Revenue 3.74m NOK → 3.30m NOK (-11.8%). Equity 55.8k NOK → 42.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A O GREVSTAD EIENDOMSDRIFT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.49m NOK → 2.36m NOK (67% → 71% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.74m NOK to 3.30m NOK (-11.8% YoY). Calculated
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↓
Equity eroded
Book equity 55.8k NOK → 42.4k NOK (equity ratio 2.9% → 1.8%). Calculated
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↓
Cash fell
Bank deposits 171.2k NOK → 65.5k NOK (-61.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 506.4k NOK → 241.1k NOK (-52.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 7 222 NOK → 5 476 NOK. Reported fact