AB TRAFIKKSENTER AS: årsregnskap 2018 vs 2017
Shrank 28% on revenue, stronger earnings, cash halved-plus
approved 2019-09-05; registry 2019-09-14; journal 2019 934977
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AB TRAFIKKSENTER AS. Revenue 5.34m NOK → 3.84m NOK (-28.1%). Net result +24.2k NOK → +1.22m NOK. Equity -1.58m NOK → -2.80m NOK.
On the constructive side: operating result improved; net result improved; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AB TRAFIKKSENTER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +97.9k NOK → +1.15m NOK (op. margin 1.8% → 30.1%). Calculated
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Net result improved
Net result +24.2k NOK → +1.22m NOK (net margin 0.5% → 31.8%). Calculated
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Owners injected capital
Paid-in equity rose 600 NOK → 600.0k NOK (+599.4k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 5.34m NOK to 3.84m NOK (-28.1% YoY). Calculated
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Equity eroded
Book equity -1.58m NOK → -2.80m NOK (equity ratio -275.6% → -898.4%). Calculated
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Cash fell
Bank deposits 168.9k NOK → 78.6k NOK (-53.5% YoY). Calculated
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Payroll up without matching revenue
Salary cost 2.52m NOK → 2.67m NOK (47% → 70% of revenue). Calculated
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COGS moved
COGS / varekostnad 105.5k NOK → 126.6k NOK (+20.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -898.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 83.8k NOK → 182.3k NOK. Reported fact