AIP UTLEIE AS: årsregnskap 2018 vs 2017
Grew 78% on revenue, weaker earnings
approved 2019-07-03; registry 2019-07-13; journal 2019 689038
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIP UTLEIE AS. Revenue 2.05m NOK → 3.66m NOK (+78.4%). Net result +86.2k NOK → +22.2k NOK. Equity 245.0k NOK → 267.3k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIP UTLEIE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.05m NOK to 3.66m NOK (+78.4% YoY). Calculated
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↑
Operating result improved
Operating result +147.4k NOK → +197.7k NOK (op. margin 7.2% → 5.4%). Calculated
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Equity strengthened
Book equity 245.0k NOK → 267.3k NOK (equity ratio 182.0% → 4.3%). Calculated
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Cash rose
Bank deposits 67.2k NOK → 69.7k NOK (+3.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.10× → 2.59×. Calculated
What deteriorated
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↓
Net result weakened
Net result +86.2k NOK → +22.2k NOK (net margin 4.2% → 0.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 963.6k NOK → 326.6k NOK (-66.1% YoY). Calculated