A OLSEN & SØNN AS: årsregnskap 2018 vs 2017
Grew 34% on revenue, cash halved-plus
approved 2019-04-23; registry 2019-05-06; journal 2019 307288
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A OLSEN & SØNN AS. Revenue 3.29m NOK → 4.40m NOK (+33.6%). Equity 1.08m NOK → 1.74m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for A OLSEN & SØNN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.29m NOK to 4.40m NOK (+33.6% YoY). Calculated
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↑
Equity strengthened
Book equity 1.08m NOK → 1.74m NOK (equity ratio 26.7% → 40.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.31× → 1.77×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 886.2k NOK → 1 128 NOK (-99.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.42m NOK → 1.49m NOK (43% → 34% of revenue). Calculated