FirmaIQ
Org.nr 997 877 098 2017 → 2018 Year-over-year analysis

AHMAD HARMOUCH AS: årsregnskap 2018 vs 2017

Grew 10% on revenue, stronger earnings

approved 2019-03-21; registry 2019-06-17; journal 2019 443184

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for AHMAD HARMOUCH AS. Revenue 60.54m NOK → 66.45m NOK (+9.8%). Net result +287.3k NOK → +723.2k NOK. Equity 1.37m NOK → 1.19m NOK.

On the constructive side: revenue rose; operating result improved; net 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 AHMAD HARMOUCH AS.

At a glance

Scorecard

Revenue
60.54m NOK 66.45m NOK
+9.8%
Operating result
+350.6k NOK +913.4k NOK
+160.5%
Net result
+287.3k NOK +723.2k NOK
+151.7%
Equity
1.37m NOK 1.19m NOK
-12.9%
Cash
3.38m NOK 2.70m NOK
-20.1%
Total assets
9.10m NOK 7.90m NOK
-13.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 60.54m NOK to 66.45m NOK (+9.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +350.6k NOK → +913.4k NOK (op. margin 0.6% → 1.4%). Calculated

  • ↑

    Net result improved

    Net result +287.3k NOK → +723.2k NOK (net margin 0.5% → 1.1%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 1.37m NOK → 1.19m NOK (equity ratio 15.1% → 15.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.38m NOK → 2.70m NOK (-20.1% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.03× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 50.60m NOK → 55.38m NOK (+9.4% YoY). Calculated