ADMIRAL P AS: årsregnskap 2018 vs 2017
Shrank 18% on revenue
approved 2019-07-10; registry 2019-08-03; journal 2019 847876
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADMIRAL P AS. Revenue 3.25m NOK → 2.68m NOK (-17.6%). Net result +140.3k NOK → +116.7k NOK. Equity -336.6k NOK → -219.8k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMIRAL P AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -178.4k NOK → +152.5k NOK (op. margin -5.5% → 5.7%). Calculated
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↑
Equity strengthened
Book equity -336.6k NOK → -219.8k NOK (equity ratio -236.7% → -104.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.25m NOK to 2.68m NOK (-17.6% YoY). Calculated
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↓
Net result weakened
Net result +140.3k NOK → +116.7k NOK (net margin 4.3% → 4.4%). Calculated
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↓
Cash fell
Bank deposits 94.3k NOK → 83.8k NOK (-11.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.86m NOK → 1.93m NOK (57% → 72% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.34m NOK → 1.18m NOK (-11.7% YoY). Calculated