A PAULSEN & SØNNER AS: årsregnskap 2018 vs 2017
Shrank 12% on revenue
approved 2019-06-30; registry 2019-07-10; journal 2019 663804
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A PAULSEN & SØNNER AS. Revenue 9.90m NOK → 8.66m NOK (-12.5%). Equity 313.0k NOK → 218.4k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A PAULSEN & SØNNER AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 273.9k NOK → 670.8k NOK (+144.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.90m NOK to 8.66m NOK (-12.5% YoY). Calculated
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↓
Equity eroded
Book equity 313.0k NOK → 218.4k NOK (equity ratio 8.8% → 7.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.32× → 0.55× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 1 NOK → 1.95m NOK (0% → 23% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 609.3k NOK → 1.79m NOK (+194.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation