AK EIENDOMSSERVICE AS: årsregnskap 2018 vs 2017
Shrank 43% on revenue, slipped into loss
approved 2019-05-31; registry 2019-08-06; journal 2019 876620
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AK EIENDOMSSERVICE AS. Revenue 486.0k NOK → 277.0k NOK (-43.0%). Net result +91.4k NOK → -89.4k NOK. Equity 174.5k NOK → 10 NOK.
On the constructive side: cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AK EIENDOMSSERVICE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 184.5k NOK → 318.9k NOK (+72.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 486.0k NOK to 277.0k NOK (-43.0% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 91.4k NOK profit to a loss of 89.4k NOK. Calculated
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↓
Equity eroded
Book equity 174.5k NOK → 10 NOK (equity ratio 68.5% → 0.0%). Calculated
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↓
COGS moved
COGS / varekostnad 263.2k NOK → 458.7k NOK (+74.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation