ADMIRAL OFFSHORE AS: årsregnskap 2018 vs 2017
Shrank 53% on revenue, weaker earnings, cash halved-plus
approved 2019-05-22; registry 2019-07-09; journal 2019 716625
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADMIRAL OFFSHORE AS. Revenue 2.24m NOK → 1.05m NOK (-53.3%). Net result +704.0k NOK → +135.7k NOK. Equity 2.04m NOK → 2.04m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMIRAL OFFSHORE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.24m NOK to 1.05m NOK (-53.3% YoY). Calculated
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↓
Operating result weakened
Operating result +877.5k NOK → +42.8k NOK (op. margin 39.1% → 4.1%). Calculated
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↓
Net result weakened
Net result +704.0k NOK → +135.7k NOK (net margin 31.4% → 12.9%). Calculated
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↓
Cash fell
Bank deposits 782.7k NOK → 368.3k NOK (-52.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 46.0k NOK → 797.6k NOK (2% → 76% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 44.2k NOK → 2 949 NOK (-93.3% YoY). Calculated