AK CONSTRUCTION AS: årsregnskap 2018 vs 2017
Grew 232% on revenue, slipped into loss, cash halved-plus
approved 2019-07-17; registry 2019-08-27; journal 2019 930114
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AK CONSTRUCTION AS. Revenue 331.0k NOK → 1.10m NOK (+231.7%). Net result +116.2k NOK → -35.2k NOK. Equity 579.0k NOK → 543.8k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AK CONSTRUCTION AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 331.0k NOK to 1.10m NOK (+231.7% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.07× → 2.16×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +155.0k NOK → -40.9k NOK (op. margin 46.8% → -3.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 116.2k NOK profit to a loss of 35.2k NOK. Calculated
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↓
Equity eroded
Book equity 579.0k NOK → 543.8k NOK (equity ratio 1767.8% → 54.2%). Calculated
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↓
Cash fell
Bank deposits 3.11m NOK → 427.1k NOK (-86.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.11m NOK → 427.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 150.8k NOK → 21.5k NOK (-85.8% YoY). Calculated