AE RØRSERVICE AS: årsregnskap 2018 vs 2017
Shrank 82% on revenue, weaker earnings
approved 2019-07-06; registry 2019-07-24; journal 2019 778039
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AE RØRSERVICE AS. Revenue 219.2k NOK → 40.3k NOK (-81.6%). Net result -57.7k NOK → -74.6k NOK. Equity -342.8k NOK → -417.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AE RØRSERVICE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 78.5k NOK → -30.6k NOK (36% → -76% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 219.2k NOK to 40.3k NOK (-81.6% YoY). Calculated
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↓
Operating result weakened
Operating result -67.5k NOK → -89.5k NOK (op. margin -30.8% → -222.2%). Calculated
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↓
Net result weakened
Net result -57.7k NOK → -74.6k NOK (net margin -26.3% → -185.3%). Calculated
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↓
Equity eroded
Book equity -342.8k NOK → -417.4k NOK (equity ratio -73.2% → -106.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -106.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 92.4k NOK → 40.3k NOK (-56.4% YoY). Calculated