A TEAM MANAGEMENT AS: årsregnskap 2018 vs 2017
Shrank 21% on revenue, stronger earnings, cash halved-plus
approved 2019-07-30; registry 2019-08-06; journal 2019 876340
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A TEAM MANAGEMENT AS. Revenue 541.5k NOK → 427.1k NOK (-21.1%). Net result +2 017 NOK → +204.8k NOK. Equity -508.7k NOK → -608.6k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A TEAM MANAGEMENT AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +2 017 NOK → +204.8k NOK (net margin 0.4% → 48.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 541.5k NOK to 427.1k NOK (-21.1% YoY). Calculated
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↓
Operating result weakened
Operating result +165.9k NOK → -99.9k NOK (op. margin 30.6% → -23.4%). Calculated
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↓
Equity eroded
Book equity -508.7k NOK → -608.6k NOK (equity ratio -243.6% → -408.8%). Calculated
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↓
Cash fell
Bank deposits 175.3k NOK → 78.9k NOK (-55.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 208.3k NOK → 281.2k NOK (38% → 66% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -408.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation