ABC RENHOLD & SERVICE AS: årsregnskap 2018 vs 2017
Shrank 23% on revenue, stronger earnings
approved 2019-03-22; registry 2019-04-03; journal 2019 264500
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABC RENHOLD & SERVICE AS. Revenue 2.12m NOK → 1.64m NOK (-22.8%). Net result -121.3k NOK → -86.6k NOK. Equity -185.8k NOK → -272.3k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABC RENHOLD & SERVICE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -111.5k NOK → -78.3k NOK (op. margin -5.3% → -4.8%). Calculated
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Net result improved
Net result -121.3k NOK → -86.6k NOK (net margin -5.7% → -5.3%). Calculated
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Payroll decreased
Salary cost 1.10m NOK → 1.08m NOK (52% → 66% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.12m NOK to 1.64m NOK (-22.8% YoY). Calculated
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↓
Equity eroded
Book equity -185.8k NOK → -272.3k NOK (equity ratio -104.6% → -191.1%). Calculated
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↓
Cash fell
Bank deposits 27.3k NOK → 24.7k NOK (-9.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -191.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 738.1k NOK → 254.1k NOK (-65.6% YoY). Calculated