A.S.K PROSJEKT AS: årsregnskap 2018 vs 2017
Grew 38% on revenue, returned to profit, cash halved-plus
approved 2019-05-20; registry 2019-06-08; journal 2019 395988
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A.S.K PROSJEKT AS. Revenue 441.1k NOK → 608.5k NOK (+37.9%). Net result -73.3k NOK → +10.9k NOK. Equity -37.2k NOK → -26.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A.S.K PROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 441.1k NOK to 608.5k NOK (+37.9% YoY). Calculated
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↑
Operating result improved
Operating result -73.2k NOK → +14.7k NOK (op. margin -16.6% → 2.4%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 73.3k NOK to a profit of 10.9k NOK. Calculated
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↑
Equity strengthened
Book equity -37.2k NOK → -26.4k NOK (equity ratio -492.6% → -153.7%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 4 171 NOK → 277 NOK (-93.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 10 NOK → 10.6k NOK (0% → 2% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 207.7k NOK → 321.2k NOK (+54.6% YoY). Calculated