ADOLF HORNELAND AS: årsregnskap 2018 vs 2017
Shrank 53% on revenue, stronger earnings, cash halved-plus
approved 2019-04-05; registry 2019-04-15; journal 2019 279878
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADOLF HORNELAND AS. Revenue 679.3k NOK → 318.7k NOK (-53.1%). Net result +494.5k NOK → +666.5k NOK. Equity 6.69m NOK → 4.76m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +494.5k NOK → +666.5k NOK (net margin 72.8% → 209.2%). Calculated
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Payroll decreased
Salary cost 619.6k NOK → 726 NOK (91% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 679.3k NOK to 318.7k NOK (-53.1% YoY). Calculated
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↓
Operating result weakened
Operating result +430.3k NOK → +20.0k NOK (op. margin 63.3% → 6.3%). Calculated
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↓
Equity eroded
Book equity 6.69m NOK → 4.76m NOK (equity ratio 86.9% → 71.3%). Calculated
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↓
Cash fell
Bank deposits 984.4k NOK → 343.3k NOK (-65.1% YoY). Calculated