Org.nr 947 535 560 2017 → 2018 Year-over-year analysis

A. Vikhagen AS: årsregnskap 2018 vs 2017

Grew 53% on revenue

approved 2019-04-13; registry 2019-05-04; journal 2019 298617

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for A. Vikhagen AS. Revenue 1.32m NOK → 2.02m NOK (+53.2%). Equity 950.9k NOK → 31.9k NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A. Vikhagen AS.

At a glance

Revenue

1.32m NOK 2.02m NOK

+53.2%

Operating result

+91.1k NOK n/m

—

Net result

+67.0k NOK n/m

—

Equity

950.9k NOK 31.9k NOK

-96.6%

Cash

737.2k NOK 602.8k NOK

-18.2%

Total assets

1.12m NOK 439.4k NOK

-60.8%

↑
Revenue rose

Operating income / revenue moved from 1.32m NOK to 2.02m NOK (+53.2% YoY). Calculated

↓
Equity eroded

Book equity 950.9k NOK → 31.9k NOK (equity ratio 84.9% → 7.3%). Calculated
↓
Cash fell

Bank deposits 737.2k NOK → 602.8k NOK (-18.2% YoY). Calculated

·
Thin equity buffer

Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 636.9k NOK → 1.00m NOK (48% → 50% of revenue). Calculated
·
COGS moved

COGS / varekostnad 424.3k NOK → 535.5k NOK (+26.2% YoY). Calculated