ACTIVITY CONSULT FOLDVIK & ANDERSEN AS: årsregnskap 2018 vs 2017
Grew 91% on revenue, stronger earnings, cash halved-plus
approved 2019-07-05; registry 2019-07-22; journal 2019 765199
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACTIVITY CONSULT FOLDVIK & ANDERSEN AS. Revenue 104.7k NOK → 200.2k NOK (+91.3%). Net result -24.5k NOK → -11.8k NOK. Equity -150.0k NOK → -161.8k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTIVITY CONSULT FOLDVIK & ANDERSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 104.7k NOK to 200.2k NOK (+91.3% YoY). Calculated
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↑
Net result improved
Net result -24.5k NOK → -11.8k NOK (net margin -23.4% → -5.9%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -150.0k NOK → -161.8k NOK (equity ratio -651.0% → -931.2%). Calculated
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↓
Cash fell
Bank deposits 10.8k NOK → 1 746 NOK (-83.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -931.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation