ADVANCED MACHINE COMPANY AS: årsregnskap 2018 vs 2017
Grew 123% on revenue, stronger earnings
approved 2019-06-18; registry 2019-06-27; journal 2019 542002
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVANCED MACHINE COMPANY AS. Revenue 12.04m NOK → 26.79m NOK (+122.5%). Net result +1 110 NOK → +506.3k NOK. Equity 1.68m NOK → 2.19m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADVANCED MACHINE COMPANY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.04m NOK to 26.79m NOK (+122.5% YoY). Calculated
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Net result improved
Net result +1 110 NOK → +506.3k NOK (net margin 0.0% → 1.9%). Calculated
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↑
Equity strengthened
Book equity 1.68m NOK → 2.19m NOK (equity ratio 10.8% → 12.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.46m NOK → +530.0k NOK (op. margin 12.1% → 2.0%). Calculated
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↓
Cash fell
Bank deposits 14.02m NOK → 13.69m NOK (-2.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 4.35m NOK → 6.38m NOK (36% → 24% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 4.40m NOK → 17.04m NOK (+287.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 10.0k NOK → 74.5k NOK. Reported fact