A/S Hovinveien 7 og 9: årsregnskap 2018 vs 2017
Shrank 63% on revenue, weaker earnings
approved 2019-05-30; registry 2019-07-02; journal 2019 591195
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A/S Hovinveien 7 og 9. Revenue 1.50m NOK → 549.7k NOK (-63.3%). Net result -53.1k NOK → -68.3k NOK. Equity -591.2k NOK → -659.5k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Hovinveien 7 og 9.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.50m NOK to 549.7k NOK (-63.3% YoY). Calculated
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↓
Operating result weakened
Operating result +138.5k NOK → +94.6k NOK (op. margin 9.2% → 17.2%). Calculated
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Net result weakened
Net result -53.1k NOK → -68.3k NOK (net margin -3.5% → -12.4%). Calculated
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↓
Equity eroded
Book equity -591.2k NOK → -659.5k NOK (equity ratio -12.3% → -14.9%). Calculated
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Cash fell
Bank deposits 740.9k NOK → 596.3k NOK (-19.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -14.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation