ADMINISTRATIV REGNSKAPSSERVICE AS: årsregnskap 2018 vs 2017
Grew 290% on revenue, stronger earnings, cash halved-plus
approved 2019-02-25; registry 2019-03-12; journal 2019 230638
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADMINISTRATIV REGNSKAPSSERVICE AS. Revenue 10.29m NOK → 40.13m NOK (+290.0%). Net result +21.4k NOK → +384.8k NOK. Equity 753.4k NOK → 538.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMINISTRATIV REGNSKAPSSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.29m NOK to 40.13m NOK (+290.0% YoY). Calculated
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↑
Operating result improved
Operating result +73.2k NOK → +632.3k NOK (op. margin 0.7% → 1.6%). Calculated
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↑
Net result improved
Net result +21.4k NOK → +384.8k NOK (net margin 0.2% → 1.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 753.4k NOK → 538.2k NOK (equity ratio 29.7% → 18.1%). Calculated
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↓
Cash fell
Bank deposits 485.4k NOK → 1 779 NOK (-99.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 120.7k NOK → 19.0k NOK. Reported fact