FirmaIQ
Org.nr 976 521 803 2017 → 2018 Year-over-year analysis

AB FJORDLAND AS: årsregnskap 2018 vs 2017

Shrank 60% on revenue, weaker earnings

approved 2019-04-04; registry 2019-07-24; journal 2019 781100

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for AB FJORDLAND AS. Revenue 20.04m NOK → 8.10m NOK (-59.6%). Net result -806.9k NOK → -1.77m NOK. Equity 19.64m NOK → 17.87m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AB FJORDLAND AS.

At a glance

Scorecard

Revenue
20.04m NOK 8.10m NOK
-59.6%
Operating result
+238.1k NOK -280.2k NOK
-217.7%
Net result
-806.9k NOK -1.77m NOK
-119.3%
Equity
19.64m NOK 17.87m NOK
-9.0%
Cash
495.1k NOK 760.2k NOK
+53.5%
Total assets
81.49m NOK 75.61m NOK
-7.2%

What improved

  • ↑

    Cash rose

    Bank deposits 495.1k NOK → 760.2k NOK (+53.5% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 20.04m NOK to 8.10m NOK (-59.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +238.1k NOK → -280.2k NOK (op. margin 1.2% → -3.5%). Calculated

  • ↓

    Net result weakened

    Net result -806.9k NOK → -1.77m NOK (net margin -4.0% → -21.9%). Calculated

  • ↓

    Equity eroded

    Book equity 19.64m NOK → 17.87m NOK (equity ratio 24.1% → 23.6%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 16.40m NOK → 4.00m NOK (-75.6% YoY). Calculated