A24A GROUP AS: årsregnskap 2018 vs 2017
Shrank 7% on revenue, weaker earnings
approved 2019-01-15; registry 2019-06-15; journal 2019 427232
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A24A GROUP AS. Revenue 60.0k NOK → 56.0k NOK (-6.7%). Net result -39.5k NOK → -68.8k NOK. Equity 372.1k NOK → 600 NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A24A GROUP AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 7 632 NOK → 341.6k NOK (+4375.3% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 60.0k NOK to 56.0k NOK (-6.7% YoY). Calculated
-
↓
Operating result weakened
Operating result -39.5k NOK → -40.7k NOK (op. margin -65.9% → -72.7%). Calculated
-
↓
Net result weakened
Net result -39.5k NOK → -68.8k NOK (net margin -65.8% → -122.9%). Calculated
-
↓
Equity eroded
Book equity 372.1k NOK → 600 NOK (equity ratio 97.3% → 0.1%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 300.0k NOK → 296.7k NOK. Reported fact