ADDBRAND NORWAY AS: årsregnskap 2018 vs 2017
Stronger earnings
approved 2019-04-05; registry 2019-06-29; journal 2019 555240
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADDBRAND NORWAY AS. Revenue 47.42m NOK → 45.81m NOK (-3.4%). Net result -612.0k NOK → -457.9k NOK. Equity 6.38m NOK → 5.92m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADDBRAND NORWAY AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -612.0k NOK → -457.9k NOK (net margin -1.3% → -1.0%). Calculated
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↑
Payroll decreased
Salary cost 11.99m NOK → 11.83m NOK (25% → 26% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 47.42m NOK to 45.81m NOK (-3.4% YoY). Calculated
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↓
Operating result weakened
Operating result -265.1k NOK → -330.6k NOK (op. margin -0.6% → -0.7%). Calculated
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↓
Equity eroded
Book equity 6.38m NOK → 5.92m NOK (equity ratio 34.2% → 32.1%). Calculated
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↓
Cash fell
Bank deposits 516.2k NOK → 490.6k NOK (-5.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 30.13m NOK → 27.96m NOK (-7.2% YoY). Calculated