ACTION BEAUTY AS: årsregnskap 2018 vs 2017
Shrank 13% on revenue, slipped into loss
approved 2019-05-31; registry 2019-07-24; journal 2019 784946
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACTION BEAUTY AS. Revenue 940.2k NOK → 816.5k NOK (-13.2%). Net result +3 530 NOK → -31.2k NOK. Equity 147.2k NOK → 115.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACTION BEAUTY AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 488.3k NOK → 465.3k NOK (52% → 57% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 940.2k NOK to 816.5k NOK (-13.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +4 782 NOK → -40.1k NOK (op. margin 0.5% → -4.9%). Calculated
-
↓
Fell into a net loss
Net result flipped from 3 530 NOK profit to a loss of 31.2k NOK. Calculated
-
↓
Equity eroded
Book equity 147.2k NOK → 115.9k NOK (equity ratio 72.0% → 49.2%). Calculated
-
↓
Cash fell
Bank deposits 145.5k NOK → 123.0k NOK (-15.5% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 218.5k NOK → 163.4k NOK (-25.2% YoY). Calculated