A-VET SMÅDYRKLINIKK AS: årsregnskap 2018 vs 2017
Grew 14% on revenue, slipped into loss, cash halved-plus
approved 2019-06-17; registry 2019-06-26; journal 2019 528720
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A-VET SMÅDYRKLINIKK AS. Revenue 7.74m NOK → 8.79m NOK (+13.6%). Net result +692.2k NOK → -55.3k NOK. Equity 605.0k NOK → 549.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for A-VET SMÅDYRKLINIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.74m NOK to 8.79m NOK (+13.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +855.8k NOK → +15.7k NOK (op. margin 11.1% → 0.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 692.2k NOK profit to a loss of 55.3k NOK. Calculated
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↓
Equity eroded
Book equity 605.0k NOK → 549.7k NOK (equity ratio 17.1% → 17.8%). Calculated
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↓
Cash fell
Bank deposits 475.8k NOK → 117.5k NOK (-75.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 654.45× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 3.01m NOK → 3.91m NOK (39% → 44% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.93m NOK → 2.14m NOK (+10.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 81.5k NOK. Reported fact