ADA&VILDE AS: årsregnskap 2018 vs 2017
Shrank 31% on revenue, returned to profit
approved 2019-03-18; registry 2019-03-20; journal 2019 244502
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADA&VILDE AS. Revenue 1.66m NOK → 1.15m NOK (-30.5%). Net result -55.4k NOK → +14.2k NOK. Equity -113.2k NOK → -102.0k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADA&VILDE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -28.9k NOK → +44.7k NOK (op. margin -1.7% → 3.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 55.4k NOK to a profit of 14.2k NOK. Calculated
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↑
Equity strengthened
Book equity -113.2k NOK → -102.0k NOK (equity ratio -45.9% → -18.3%). Calculated
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↑
Cash rose
Bank deposits -72.3k NOK → 41.1k NOK (+156.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 425.8k NOK → 345.1k NOK (26% → 30% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.66m NOK to 1.15m NOK (-30.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 997.1k NOK → 529.4k NOK (-46.9% YoY). Calculated