AC VARMEPUMPER AS: årsregnskap 2018 vs 2017
Grew 7% on revenue, slipped into loss
approved 2019-05-28; registry 2019-06-20; journal 2019 485812
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AC VARMEPUMPER AS. Revenue 5.77m NOK → 6.18m NOK (+7.2%). Net result +240.9k NOK → -594.0k NOK. Equity 539.4k NOK → -54.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AC VARMEPUMPER AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 5.77m NOK to 6.18m NOK (+7.2% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +240.0k NOK → -593.5k NOK (op. margin 4.2% → -9.6%). Calculated
-
↓
Fell into a net loss
Net result flipped from 240.9k NOK profit to a loss of 594.0k NOK. Calculated
-
↓
Equity eroded
Book equity 539.4k NOK → -54.7k NOK (equity ratio 34.2% → -5.4%). Calculated
-
↓
Cash fell
Bank deposits 788.3k NOK → 446.8k NOK (-43.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -5.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 2.58m NOK → 2.83m NOK (45% → 46% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 2.22m NOK → 2.93m NOK (+31.8% YoY). Calculated