ADMINCONS AS: årsregnskap 2018 vs 2017
Grew 9% on revenue, returned to profit
approved 2019-09-19; registry 2019-09-23; journal 2019 936977
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADMINCONS AS. Revenue 5.51m NOK → 6.02m NOK (+9.2%). Net result -230.8k NOK → +110.3k NOK. Equity 10.46m NOK → 100.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADMINCONS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.51m NOK to 6.02m NOK (+9.2% YoY). Calculated
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↑
Operating result improved
Operating result -219.5k NOK → +132.1k NOK (op. margin -4.0% → 2.2%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 230.8k NOK to a profit of 110.3k NOK. Calculated
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↑
Cash rose
Bank deposits 127.7k NOK → 269.0k NOK (+110.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 10.46m NOK → 100.0k NOK (equity ratio 3773.2% → 14.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.22m NOK → 2.35m NOK (40% → 39% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 2.04m NOK → 1.97m NOK (-3.3% YoY). Calculated