AHK PROSJEKTERING AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue, slipped into loss
approved 2019-05-23; registry 2019-06-20; journal 2019 484549
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AHK PROSJEKTERING AS. Revenue 840.3k NOK → 1 095 NOK (-99.9%). Net result +279.7k NOK → -106.3k NOK. Equity -188.6k NOK → -294.9k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AHK PROSJEKTERING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 29.8k NOK → 50.0k NOK (+67.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 840.3k NOK to 1 095 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +292.1k NOK → -94.1k NOK (op. margin 34.8% → -8593.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 279.7k NOK profit to a loss of 106.3k NOK. Calculated
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↓
Equity eroded
Book equity -188.6k NOK → -294.9k NOK (equity ratio -100.5% → -100.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 253.4k NOK → 947.7k NOK (30% → 86550% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -100.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation