AK EIENDOM OG UTLEIE AS: årsregnskap 2018 vs 2017
Shrank 30% on revenue, returned to profit
approved 2019-02-12; registry 2019-02-28; journal 2019 218609
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AK EIENDOM OG UTLEIE AS. Revenue 493.5k NOK → 343.8k NOK (-30.3%). Net result -115.7k NOK → +92.7k NOK. Equity 774.9k NOK → 867.6k NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AK EIENDOM OG UTLEIE AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 115.7k NOK to a profit of 92.7k NOK. Calculated
-
↑
Equity strengthened
Book equity 774.9k NOK → 867.6k NOK (equity ratio 77.0% → 95.8%). Calculated
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↑
Cash rose
Bank deposits 60.1k NOK → 367.0k NOK (+510.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 131.0k NOK → 3 130 NOK (27% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 493.5k NOK to 343.8k NOK (-30.3% YoY). Calculated
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↓
Operating result weakened
Operating result +135.4k NOK → +134.7k NOK (op. margin 27.4% → 39.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 142.4k NOK → 36.0k NOK (-74.7% YoY). Calculated