AK MARINE AS: årsregnskap 2018 vs 2017
Stronger earnings
approved 2019-06-30; registry 2019-08-01; journal 2019 846890
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AK MARINE AS. Revenue 3.84m NOK → 3.69m NOK (-3.9%). Net result +22.0k NOK → +481.8k NOK. Equity 947.8k NOK → 466.0k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AK MARINE AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +22.0k NOK → +481.8k NOK (net margin 0.6% → 13.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.84m NOK to 3.69m NOK (-3.9% YoY). Calculated
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↓
Operating result weakened
Operating result +196.2k NOK → -471.6k NOK (op. margin 5.1% → -12.8%). Calculated
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↓
Equity eroded
Book equity 947.8k NOK → 466.0k NOK (equity ratio 28.3% → 16.2%). Calculated
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↓
Cash fell
Bank deposits 246.9k NOK → 141.4k NOK (-42.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.88m NOK → 2.28m NOK (49% → 62% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 801.8k NOK → 162.7k NOK (-79.7% YoY). Calculated