ADSERØ BIL AS: årsregnskap 2018 vs 2017
Shrank 5% on revenue, stronger earnings
approved 2019-05-22; registry 2019-06-15; journal 2019 432456
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADSERØ BIL AS. Revenue 94.12m NOK → 88.97m NOK (-5.5%). Net result +346.0k NOK → +5.96m NOK. Equity 5.82m NOK → 5.82m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADSERØ BIL AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +2 028 NOK → +1.56m NOK (op. margin 0.0% → 1.8%). Calculated
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↑
Net result improved
Net result +346.0k NOK → +5.96m NOK (net margin 0.4% → 6.7%). Calculated
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↑
Equity strengthened
Book equity 5.82m NOK → 5.82m NOK (equity ratio 40.1% → 34.0%). Calculated
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↑
Cash rose
Bank deposits 89.0k NOK → 143.8k NOK (+61.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 94.12m NOK to 88.97m NOK (-5.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.54m NOK → 3.19m NOK (3% → 4% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 85.23m NOK → 79.82m NOK (-6.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 267.8k NOK → 144.1k NOK. Reported fact