AF AUTO AS: årsregnskap 2018 vs 2017
Grew 341% on revenue
approved 2019-04-24; registry 2019-07-17; journal 2019 739102
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AF AUTO AS. Revenue 347.0k NOK → 1.53m NOK (+340.9%). Equity 2.24m NOK → 331.4k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AF AUTO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 347.0k NOK to 1.53m NOK (+340.9% YoY). Calculated
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↑
Operating result improved
Operating result +544.9k NOK → +624.9k NOK (op. margin 157.0% → 40.9%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 2.24m NOK → 331.4k NOK (equity ratio 291.8% → 29832.4%). Calculated
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↓
Cash fell
Bank deposits 108.1k NOK → 106.9k NOK (-1.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.44× → 0.14× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 780.4k NOK → 884.2k NOK (+13.3% YoY). Calculated