AHN RENHOLDSERVICE AS: årsregnskap 2018 vs 2017
Shrank 37% on revenue, stronger earnings
approved 2019-06-29; registry 2019-07-09; journal 2019 664398
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AHN RENHOLDSERVICE AS. Revenue 1.71m NOK → 1.08m NOK (-37.0%). Net result +91.8k NOK → +146.4k NOK. Equity 232.5k NOK → 86.1k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AHN RENHOLDSERVICE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +131.2k NOK → +174.1k NOK (op. margin 7.7% → 16.2%). Calculated
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Net result improved
Net result +91.8k NOK → +146.4k NOK (net margin 5.4% → 13.6%). Calculated
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Payroll decreased
Salary cost 908.7k NOK → 741.9k NOK (53% → 69% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.71m NOK to 1.08m NOK (-37.0% YoY). Calculated
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Equity eroded
Book equity 232.5k NOK → 86.1k NOK (equity ratio 34.3% → 15.2%). Calculated
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Cash fell
Bank deposits 280.6k NOK → 200.8k NOK (-28.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.50× → 0.74× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 146.9k NOK → 108.1k NOK (-26.4% YoY). Calculated