A/S Bøgaten 10: årsregnskap 2018 vs 2017
Stronger earnings
approved 2019-06-17; registry 2019-07-06; journal 2019 600132
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A/S Bøgaten 10. Revenue 919.8k NOK → 943.7k NOK (+2.6%). Net result -230.4k NOK → -177.1k NOK. Equity 552.3k NOK → 375.2k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Bøgaten 10.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 919.8k NOK to 943.7k NOK (+2.6% YoY). Calculated
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↑
Net result improved
Net result -230.4k NOK → -177.1k NOK (net margin -25.0% → -18.8%). Calculated
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↑
Payroll decreased
Salary cost 34.2k NOK → 22.8k NOK (4% → 2% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 552.3k NOK → 375.2k NOK (equity ratio 13.0% → 9.5%). Calculated
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↓
Cash fell
Bank deposits 756.4k NOK → 546.8k NOK (-27.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation