ABC HÅNDVERKEREN FRANKIEWICZ AS: årsregnskap 2018 vs 2017
Grew 10% on revenue, returned to profit
approved 2019-05-23; registry 2019-06-24; journal 2019 512934
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABC HÅNDVERKEREN FRANKIEWICZ AS. Revenue 2.76m NOK → 3.02m NOK (+9.6%). Net result -113.0k NOK → +39.9k NOK. Equity -45.7k NOK → -5 814 NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ABC HÅNDVERKEREN FRANKIEWICZ AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.76m NOK to 3.02m NOK (+9.6% YoY). Calculated
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Operating result improved
Operating result -112.8k NOK → +38.2k NOK (op. margin -4.1% → 1.3%). Calculated
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Turned profitable
Net result flipped from a loss of 113.0k NOK to a profit of 39.9k NOK. Calculated
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Equity strengthened
Book equity -45.7k NOK → -5 814 NOK (equity ratio -15.4% → -1.2%). Calculated
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Cash rose
Bank deposits 235.9k NOK → 388.5k NOK (+64.7% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.87m NOK → 1.97m NOK (68% → 65% of revenue). Calculated
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COGS fell
COGS / varekostnad 696.4k NOK → 654.7k NOK (-6.0% YoY). Calculated