ABE STAR PARKETT AS: årsregnskap 2018 vs 2017
Weaker earnings
approved 2019-05-29; registry 2019-07-15; journal 2019 718406
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABE STAR PARKETT AS. Revenue 4.57m NOK → 4.53m NOK (-1.0%). Net result +379.8k NOK → +238.8k NOK. Equity 961.6k NOK → 800.5k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABE STAR PARKETT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 469.8k NOK → 1.12m NOK (+138.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.57m NOK to 4.53m NOK (-1.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +469.5k NOK → +338.2k NOK (op. margin 10.3% → 7.5%). Calculated
-
↓
Net result weakened
Net result +379.8k NOK → +238.8k NOK (net margin 8.3% → 5.3%). Calculated
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↓
Equity eroded
Book equity 961.6k NOK → 800.5k NOK (equity ratio 41.1% → 36.7%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 2.65m NOK → 2.68m NOK (58% → 59% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 922.5k NOK → 854.5k NOK (-7.4% YoY). Calculated