ACCESS LÅSSPESIALISTEN AS: årsregnskap 2018 vs 2017
Grew 18% on revenue, weaker earnings
approved 2019-06-03; registry 2019-08-01; journal 2019 835371
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACCESS LÅSSPESIALISTEN AS. Revenue 15.51m NOK → 18.33m NOK (+18.2%). Net result +816.7k NOK → +126.3k NOK. Equity 432.9k NOK → 559.1k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ACCESS LÅSSPESIALISTEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 15.51m NOK to 18.33m NOK (+18.2% YoY). Calculated
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Operating result improved
Operating result +785 NOK → +179.5k NOK (op. margin 0.0% → 1.0%). Calculated
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Equity strengthened
Book equity 432.9k NOK → 559.1k NOK (equity ratio 9.9% → 13.0%). Calculated
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Cash rose
Bank deposits 192.8k NOK → 573.0k NOK (+197.2% YoY). Calculated
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Payroll decreased
Salary cost 6.85m NOK → 6.73m NOK (44% → 37% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +816.7k NOK → +126.3k NOK (net margin 5.3% → 0.7%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 5.10m NOK → 7.29m NOK (+43.0% YoY). Calculated