AB PROFILERING AS: årsregnskap 2018 vs 2017
Grew 135% on revenue, stronger earnings, cash halved-plus
approved 2019-06-28; registry 2019-07-06; journal 2019 637467
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AB PROFILERING AS. Revenue 264.9k NOK → 622.5k NOK (+135.0%). Net result +153.4k NOK → +432.2k NOK. Equity -240.9k NOK → -274.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AB PROFILERING AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 264.9k NOK to 622.5k NOK (+135.0% YoY). Calculated
-
↑
Operating result improved
Operating result +184.1k NOK → +540.8k NOK (op. margin 69.5% → 86.9%). Calculated
-
↑
Net result improved
Net result +153.4k NOK → +432.2k NOK (net margin 57.9% → 69.4%). Calculated
-
↑
Payroll decreased
Salary cost 7 154 NOK → 1 854 NOK (3% → 0% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -240.9k NOK → -274.0k NOK (equity ratio -5.5% → -6.4%). Calculated
-
↓
Cash fell
Bank deposits 682.4k NOK → 184.2k NOK (-73.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 717.6k NOK → 329.1k NOK (-54.1% YoY). Calculated