AD PROSJEKT BYGG AS: årsregnskap 2018 vs 2017
Grew 105% on revenue, weaker earnings
approved 2019-05-21; registry 2019-07-31; journal 2019 830147
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AD PROSJEKT BYGG AS. Revenue 20.86m NOK → 42.73m NOK (+104.8%). Net result +619.1k NOK → +1 158 NOK. Equity 1.10m NOK → 2.26m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AD PROSJEKT BYGG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 20.86m NOK to 42.73m NOK (+104.8% YoY). Calculated
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↑
Equity strengthened
Book equity 1.10m NOK → 2.26m NOK (equity ratio 15.7% → 32.5%). Calculated
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↑
Cash rose
Bank deposits -161.7k NOK → 377.9k NOK (+333.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio -0.03× → 1.56×. Calculated
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Payroll decreased
Salary cost 1.89m NOK → 1.70m NOK (9% → 4% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +584.8k NOK → +1 497 NOK (op. margin 2.8% → 0.0%). Calculated
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↓
Net result weakened
Net result +619.1k NOK → +1 158 NOK (net margin 3.0% → 0.0%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 18.66m NOK → 38.47m NOK (+106.1% YoY). Calculated