AB SNEKKERN AS: årsregnskap 2018 vs 2017
Shrank 34% on revenue, cash halved-plus
approved 2019-05-31; registry 2019-07-31; journal 2019 831811
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AB SNEKKERN AS. Revenue 2.88m NOK → 1.91m NOK (-33.9%). Equity 116.7k NOK → 261.1k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AB SNEKKERN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 116.7k NOK → 261.1k NOK (equity ratio 5.3% → 39.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.88m NOK to 1.91m NOK (-33.9% YoY). Calculated
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↓
Cash fell
Bank deposits 1.88m NOK → 540.2k NOK (-71.2% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 610.7k NOK → 623.9k NOK (+2.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.88m NOK → 540.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 19.2k NOK → 17.4k NOK. Reported fact