A/S SCAN AFRICAN: årsregnskap 2018 vs 2017
Shrank 57% on revenue, weaker earnings
approved 2019-06-25; registry 2019-07-03; journal 2019 598984
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A/S SCAN AFRICAN. Revenue 1.72m NOK → 743.1k NOK (-56.8%). Net result +6.38m NOK → +3.70m NOK. Equity 3.66m NOK → 7.39m NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A/S SCAN AFRICAN.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +420.4k NOK → +602.1k NOK (op. margin 24.4% → 81.0%). Calculated
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Equity strengthened
Book equity 3.66m NOK → 7.39m NOK (equity ratio 32.8% → 69.5%). Calculated
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Cash rose
Bank deposits 1.51m NOK → 4.22m NOK (+180.5% YoY). Calculated
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Owners injected capital
Paid-in equity rose 1.00m NOK → 1.03m NOK (+30.0k NOK). Reported fact
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Payroll decreased
Salary cost 567.0k NOK → 2 NOK (33% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.72m NOK to 743.1k NOK (-56.8% YoY). Calculated
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Net result weakened
Net result +6.38m NOK → +3.70m NOK (net margin 371.0% → 497.5%). Calculated
Things to notice
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COGS fell
COGS / varekostnad 174.7k NOK → 133.5k NOK (-23.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 205 NOK → 205.0k NOK. Reported fact