A TRANS AS: årsregnskap 2018 vs 2017
Grew 33% on revenue, cash halved-plus
approved 2019-02-27; registry 2019-03-02; journal 2019 221433
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A TRANS AS. Revenue 156.5k NOK → 207.4k NOK (+32.5%). Equity -91.1k NOK → -200.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A TRANS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 156.5k NOK to 207.4k NOK (+32.5% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +7 220 NOK → -109.6k NOK (op. margin 4.6% → -52.8%). Calculated
-
↓
Equity eroded
Book equity -91.1k NOK → -200.6k NOK (equity ratio -47.1% → -137.3%). Calculated
-
↓
Cash fell
Bank deposits 153.0k NOK → 75.3k NOK (-50.8% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -137.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation