AJ SELLISETH AS: årsregnskap 2018 vs 2017
Shrank 10% on revenue, cash halved-plus
approved 2019-05-08; registry 2019-06-13; journal 2019 417876
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AJ SELLISETH AS. Revenue 3.60m NOK → 3.23m NOK (-10.3%). Net result +303.4k NOK → +325.8k NOK. Equity 1.29m NOK → 1.62m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AJ SELLISETH AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +416.6k NOK → +431.4k NOK (op. margin 11.6% → 13.4%). Calculated
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Net result improved
Net result +303.4k NOK → +325.8k NOK (net margin 8.4% → 10.1%). Calculated
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Equity strengthened
Book equity 1.29m NOK → 1.62m NOK (equity ratio 53.6% → 64.0%). Calculated
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Current ratio back above 1×
Current ratio 0.19× → 2.92×. Calculated
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Payroll decreased
Salary cost 507.4k NOK → 457.4k NOK (14% → 14% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.60m NOK to 3.23m NOK (-10.3% YoY). Calculated
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Cash fell
Bank deposits 6.38m NOK → 1.16m NOK (-81.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (6.38m NOK → 1.16m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 975.8k NOK → 817.5k NOK (-16.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 0 NOK → 8 250 NOK. Reported fact