AGNEFESTVEIEN 4 AS: årsregnskap 2018 vs 2017
Shrank 13% on revenue, returned to profit
approved 2019-04-08; registry 2019-06-15; journal 2019 428522
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AGNEFESTVEIEN 4 AS. Revenue 756.3k NOK → 654.5k NOK (-13.5%). Net result -69.4k NOK → +112.5k NOK. Equity 1.51m NOK → 1.39m NOK.
On the constructive side: turned profitable; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AGNEFESTVEIEN 4 AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 69.4k NOK to a profit of 112.5k NOK. Calculated
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↑
Payroll decreased
Salary cost 69.2k NOK → 26.2k NOK (9% → 4% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 756.3k NOK to 654.5k NOK (-13.5% YoY). Calculated
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↓
Operating result weakened
Operating result +137.8k NOK → +69.9k NOK (op. margin 18.2% → 10.7%). Calculated
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↓
Equity eroded
Book equity 1.51m NOK → 1.39m NOK (equity ratio 18.2% → 17.4%). Calculated
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↓
Cash fell
Bank deposits 490.9k NOK → 352.9k NOK (-28.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 50.0k NOK → 10.0k NOK. Reported fact