AK. GRIEG NORGE AS: årsregnskap 2018 vs 2017
Shrank 24% on revenue, weaker earnings
approved 2019-05-15; registry 2019-06-11; journal 2019 400484
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AK. GRIEG NORGE AS. Revenue 211.6k NOK → 160.8k NOK (-24.0%). Net result +4.11m NOK → +63.5k NOK. Equity -191.0k NOK → -127.5k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AK. GRIEG NORGE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -191.0k NOK → -127.5k NOK (equity ratio -38.3% → -20.6%). Calculated
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↑
Cash rose
Bank deposits 403.3k NOK → 569.2k NOK (+41.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 211.6k NOK to 160.8k NOK (-24.0% YoY). Calculated
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↓
Operating result weakened
Operating result +104.9k NOK → +59.1k NOK (op. margin 49.6% → 36.7%). Calculated
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↓
Net result weakened
Net result +4.11m NOK → +63.5k NOK (net margin 1940.5% → 39.5%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 33.1k NOK → 22.1k NOK (-33.4% YoY). Calculated