AB-GARAGE AS: årsregnskap 2018 vs 2017
Grew 106% on revenue, returned to profit
approved 2019-05-31; registry 2019-06-27; journal 2019 583685
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AB-GARAGE AS. Revenue 357.4k NOK → 735.6k NOK (+105.8%). Net result -38.7k NOK → +172.7k NOK. Equity 99.9k NOK → 11.17m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AB-GARAGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 357.4k NOK to 735.6k NOK (+105.8% YoY). Calculated
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Operating result improved
Operating result -38.7k NOK → +172.7k NOK (op. margin -10.8% → 23.5%). Calculated
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Turned profitable
Net result flipped from a loss of 38.7k NOK to a profit of 172.7k NOK. Calculated
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Equity strengthened
Book equity 99.9k NOK → 11.17m NOK (equity ratio 60.3% → 4621.5%). Calculated
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Cash rose
Bank deposits 57.6k NOK → 100.8k NOK (+75.0% YoY). Calculated
Things to notice
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COGS moved
COGS / varekostnad 361.6k NOK → 546.9k NOK (+51.3% YoY). Calculated