FirmaIQ
Org.nr 997 505 646 2017 → 2018 Year-over-year analysis

AJ OFFSHORE AS: årsregnskap 2018 vs 2017

Grew 550% on revenue, weaker earnings

approved 2019-06-05; registry 2019-06-26; journal 2019 531538

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for AJ OFFSHORE AS. Revenue 263.4k NOK → 1.71m NOK (+550.5%). Net result +848.6k NOK → +28.7k NOK. Equity 2.39m NOK → 2.42m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for AJ OFFSHORE AS.

At a glance

Scorecard

Revenue
263.4k NOK 1.71m NOK
+550.5%
Operating result
+1.07m NOK +109.6k NOK
-89.7%
Net result
+848.6k NOK +28.7k NOK
-96.6%
Equity
2.39m NOK 2.42m NOK
+1.2%
Cash
1.43m NOK 1.44m NOK
+0.6%
Total assets
3.20m NOK 2.78m NOK
-13.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 263.4k NOK to 1.71m NOK (+550.5% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 2.39m NOK → 2.42m NOK (equity ratio 74.8% → 87.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.43m NOK → 1.44m NOK (+0.6% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +1.07m NOK → +109.6k NOK (op. margin 404.7% → 6.4%). Calculated

  • ↓

    Net result weakened

    Net result +848.6k NOK → +28.7k NOK (net margin 322.2% → 1.7%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 817.1k NOK → 1.20m NOK (310% → 70% of revenue). Calculated