AB BYGGMONTERING AS: årsregnskap 2018 vs 2017
Shrank 20% on revenue, weaker earnings, cash halved-plus
approved 2019-07-01; registry 2019-07-18; journal 2019 745760
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AB BYGGMONTERING AS. Revenue 16.25m NOK → 12.99m NOK (-20.1%). Net result +1.06m NOK → +233.8k NOK. Equity 2.35m NOK → 2.12m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AB BYGGMONTERING AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 8.61m NOK → 7.58m NOK (53% → 58% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 16.25m NOK to 12.99m NOK (-20.1% YoY). Calculated
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↓
Operating result weakened
Operating result +1.39m NOK → +255.7k NOK (op. margin 8.5% → 2.0%). Calculated
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↓
Net result weakened
Net result +1.06m NOK → +233.8k NOK (net margin 6.5% → 1.8%). Calculated
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↓
Equity eroded
Book equity 2.35m NOK → 2.12m NOK (equity ratio 38.8% → 54.1%). Calculated
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↓
Cash fell
Bank deposits 2.82m NOK → 915.6k NOK (-67.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.82m NOK → 915.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 4.51m NOK → 3.59m NOK (-20.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 249.3k NOK → 250.7k NOK. Reported fact