A-TRACT AS: årsregnskap 2018 vs 2017
Shrank 46% on revenue, stronger earnings
approved 2019-05-10; registry 2019-05-28; journal 2019 364100
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A-TRACT AS. Revenue 3.32m NOK → 1.81m NOK (-45.6%). Net result +111.8k NOK → +196.9k NOK. Equity 322.7k NOK → 125.8k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A-TRACT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +150.5k NOK → +202.9k NOK (op. margin 4.5% → 11.2%). Calculated
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Net result improved
Net result +111.8k NOK → +196.9k NOK (net margin 3.4% → 10.9%). Calculated
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Payroll decreased
Salary cost 2.23m NOK → 1.30m NOK (67% → 72% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.32m NOK to 1.81m NOK (-45.6% YoY). Calculated
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↓
Equity eroded
Book equity 322.7k NOK → 125.8k NOK (equity ratio 648.4% → 18.8%). Calculated
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↓
Cash fell
Bank deposits 287.3k NOK → 260.3k NOK (-9.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 315.1k NOK → 206.6k NOK (-34.4% YoY). Calculated