A. WAAG & CO. AS: årsregnskap 2018 vs 2017
Grew 7% on revenue, stronger earnings
approved 2019-04-08; registry 2019-05-15; journal 2019 334997
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A. WAAG & CO. AS. Revenue 5.77m NOK → 6.17m NOK (+6.9%). Net result +605.5k NOK → +828.7k NOK. Equity 331.8k NOK → 510.5k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A. WAAG & CO. AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.77m NOK to 6.17m NOK (+6.9% YoY). Calculated
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↑
Net result improved
Net result +605.5k NOK → +828.7k NOK (net margin 10.5% → 13.4%). Calculated
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↑
Equity strengthened
Book equity 331.8k NOK → 510.5k NOK (equity ratio 10.9% → 16.5%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +930.81m NOK → +1 092 NOK (op. margin 16127.7% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 761.8k NOK → 402.9k NOK (-47.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.20× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 3.13m NOK → 3.26m NOK (54% → 53% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 205.9k NOK → 82.6k NOK (-59.9% YoY). Calculated