A. THORESEN SERVICEVERKSTED AS: årsregnskap 2018 vs 2017
Grew 10% on revenue, weaker earnings
approved 2019-06-27; registry 2019-07-09; journal 2019 635331
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A. THORESEN SERVICEVERKSTED AS. Revenue 23.88m NOK → 26.24m NOK (+9.9%). Net result +273.5k NOK → +1 124 NOK. Equity 7.23m NOK → 7.76m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for A. THORESEN SERVICEVERKSTED AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 23.88m NOK to 26.24m NOK (+9.9% YoY). Calculated
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↑
Operating result improved
Operating result +336.9k NOK → +365.1k NOK (op. margin 1.4% → 1.4%). Calculated
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↑
Equity strengthened
Book equity 7.23m NOK → 7.76m NOK (equity ratio 44.3% → 47.3%). Calculated
What deteriorated
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↓
Net result weakened
Net result +273.5k NOK → +1 124 NOK (net margin 1.1% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 6.27m NOK → 4.30m NOK (-31.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.74× → 0.53× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 19.68m NOK → 21.59m NOK (+9.8% YoY). Calculated