ADOLFSEN BÅTBYGGERI AS: årsregnskap 2018 vs 2017
Grew 91342% on revenue, slipped into loss
approved 2019-05-08; registry 2019-06-18; journal 2019 450291
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADOLFSEN BÅTBYGGERI AS. Revenue 2 978 NOK → 2.72m NOK (+91341.8%). Net result +26.3k NOK → -51.0k NOK. Equity 6.42m NOK → 368.3k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADOLFSEN BÅTBYGGERI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2 978 NOK to 2.72m NOK (+91341.8% YoY). Calculated
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↑
Cash rose
Bank deposits 188.6k NOK → 305.2k NOK (+61.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.89× → 3.98×. Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 26.3k NOK profit to a loss of 51.0k NOK. Calculated
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↓
Equity eroded
Book equity 6.42m NOK → 368.3k NOK (equity ratio 192.1% → 10.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 375 NOK → 1.21m NOK (46% → 44% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 472.1k NOK → 650.1k NOK (+37.7% YoY). Calculated