AHR AS: årsregnskap 2018 vs 2017
Grew 11% on revenue, weaker earnings
approved 2019-06-25; registry 2019-07-10; journal 2019 679337
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AHR AS. Revenue 170.9k NOK → 189.7k NOK (+11.0%). Net result +598.6k NOK → +326.9k NOK. Equity 291.2k NOK → 1.62m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for AHR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 170.9k NOK to 189.7k NOK (+11.0% YoY). Calculated
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↑
Equity strengthened
Book equity 291.2k NOK → 1.62m NOK (equity ratio 4.3% → 22.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +410.2k NOK → +330.5k NOK (op. margin 240.0% → 174.2%). Calculated
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↓
Net result weakened
Net result +598.6k NOK → +326.9k NOK (net margin 350.3% → 172.3%). Calculated
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↓
Cash fell
Bank deposits 580.9k NOK → 378.3k NOK (-34.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.77× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 632.3k NOK → 639.4k NOK (370% → 337% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 4.86m NOK → 6.21m NOK. Reported fact