A. ØRSTAVIK AS: årsregnskap 2018 vs 2017
Grew 122% on revenue, cash halved-plus
approved 2019-03-13; registry 2019-07-18; journal 2019 751489
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A. ØRSTAVIK AS. Revenue 564.5k NOK → 1.26m NOK (+122.3%). Net result +180.1k NOK → +152.4k NOK. Equity -136.1k NOK → 16.4k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. ØRSTAVIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 564.5k NOK to 1.26m NOK (+122.3% YoY). Calculated
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↑
Equity strengthened
Book equity -136.1k NOK → 16.4k NOK (equity ratio -26.4% → 2.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.77× → 1.01×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +168.7k NOK → +160.0k NOK (op. margin 29.9% → 12.7%). Calculated
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↓
Net result weakened
Net result +180.1k NOK → +152.4k NOK (net margin 31.9% → 12.1%). Calculated
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↓
Cash fell
Bank deposits 96.9k NOK → 43.3k NOK (-55.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.63m NOK → 1.02m NOK (-37.5% YoY). Calculated