AD BYGG & VVS AS: årsregnskap 2018 vs 2017
Shrank 32% on revenue, cash halved-plus
approved 2019-04-28; registry 2019-07-15; journal 2019 716607
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AD BYGG & VVS AS. Revenue 1.26m NOK → 857.0k NOK (-32.1%). Net result +67 NOK → +7 NOK. Equity -186.0k NOK → -434.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AD BYGG & VVS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.78m NOK → 672.4k NOK (220% → 78% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.26m NOK to 857.0k NOK (-32.1% YoY). Calculated
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↓
Operating result weakened
Operating result +25.5k NOK → -306.2k NOK (op. margin 2.0% → -35.7%). Calculated
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↓
Equity eroded
Book equity -186.0k NOK → -434.1k NOK (equity ratio -55.1% → -248.8%). Calculated
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↓
Cash fell
Bank deposits 24.3k NOK → 509 NOK (-97.9% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 279.5k NOK → 417.5k NOK (+49.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -248.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation