AIR BUILDING AS: årsregnskap 2018 vs 2017
Grew 5% on revenue
approved 2019-06-18; registry 2019-06-26; journal 2019 541440
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIR BUILDING AS. Revenue 3.07m NOK → 3.23m NOK (+5.3%). Net result +4 NOK → +2 508 NOK. Equity 262.3k NOK → 8 561 NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AIR BUILDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.07m NOK to 3.23m NOK (+5.3% YoY). Calculated
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Net result improved
Net result +4 NOK → +2 508 NOK (net margin 0.0% → 0.1%). Calculated
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Cash rose
Bank deposits 74.6k NOK → 103.6k NOK (+38.8% YoY). Calculated
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Payroll decreased
Salary cost 2.39m NOK → 1.78m NOK (78% → 55% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -80.2k NOK → -242.8k NOK (op. margin -2.6% → -7.5%). Calculated
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↓
Equity eroded
Book equity 262.3k NOK → 8 561 NOK (equity ratio 29.6% → 1.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.47× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 323.5k NOK → 947.2k NOK (+192.8% YoY). Calculated