ADV STUBBERUD FISKEBÅT OG KVOTEMEGLING AS: årsregnskap 2018 vs 2017
Grew 45% on revenue, slipped into loss
approved 2019-06-30; registry 2019-07-30; journal 2019 823754
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADV STUBBERUD FISKEBÅT OG KVOTEMEGLING AS. Revenue 65.2k NOK → 94.8k NOK (+45.3%). Net result +218.3k NOK → -165.2k NOK. Equity -246.4k NOK → -411.6k 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: thin equity buffer. All figures are taken from the published annual accounts for ADV STUBBERUD FISKEBÅT OG KVOTEMEGLING AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 65.2k NOK to 94.8k NOK (+45.3% YoY). Calculated
-
↑
Cash rose
Bank deposits 9 768 NOK → 25.6k NOK (+161.6% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.01× → 2.62×. Calculated
-
↑
Payroll decreased
Salary cost 37.1k NOK → 22.1k NOK (57% → 23% of revenue). Calculated
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 218.3k NOK profit to a loss of 165.2k NOK. Calculated
-
↓
Equity eroded
Book equity -246.4k NOK → -411.6k NOK (equity ratio -38.2% → -65.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -65.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation