FirmaIQ
Org.nr 947 038 400 2017 → 2018 Year-over-year analysis

A/S SørMek: årsregnskap 2018 vs 2017

Shrank 16% on revenue, weaker earnings

approved 2019-05-03; registry 2019-06-03; journal 2019 374368

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for A/S SørMek. Revenue 34.51m NOK → 29.11m NOK (-15.6%). Net result +4.28m NOK → +2.13m NOK. Equity 7.62m NOK → 7.75m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A/S SørMek.

At a glance

Scorecard

Revenue
34.51m NOK 29.11m NOK
-15.6%
Operating result
n/m +3.04m NOK
—
Net result
+4.28m NOK +2.13m NOK
-50.3%
Equity
7.62m NOK 7.75m NOK
+1.7%
Cash
5.55m NOK 2.94m NOK
-46.9%
Total assets
22.94m NOK 20.12m NOK
-12.3%

What improved

  • ↑

    Equity strengthened

    Book equity 7.62m NOK → 7.75m NOK (equity ratio 33.2% → 38.5%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 34.51m NOK to 29.11m NOK (-15.6% YoY). Calculated

  • ↓

    Net result weakened

    Net result +4.28m NOK → +2.13m NOK (net margin 12.4% → 7.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.55m NOK → 2.94m NOK (-46.9% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 5.14m NOK → 6.18m NOK (15% → 21% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 20.80m NOK → 16.67m NOK (-19.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 55.9k NOK → 2.02m NOK. Reported fact