AB GASOLINE AS: årsregnskap 2018 vs 2017
Weaker earnings
approved 2019-05-28; registry 2019-07-16; journal 2019 723634
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AB GASOLINE AS. Revenue 23.80m NOK → 24.40m NOK (+2.5%). Net result +116.9k NOK → +55.7k NOK. Equity 2.25m NOK → 2.78m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AB GASOLINE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 23.80m NOK to 24.40m NOK (+2.5% YoY). Calculated
-
↑
Equity strengthened
Book equity 2.25m NOK → 2.78m NOK (equity ratio 45.6% → 48.3%). Calculated
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↑
Cash rose
Bank deposits 882.6k NOK → 2.55m NOK (+188.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.91× → 10.02×. Calculated
What deteriorated
-
↓
Net result weakened
Net result +116.9k NOK → +55.7k NOK (net margin 0.5% → 0.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.42m NOK → 2.64m NOK (10% → 11% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 18.97m NOK → 19.19m NOK (+1.1% YoY). Calculated