AK2 SIVILARKITEKT MNAL AS: årsregnskap 2018 vs 2017
Grew 71% on revenue, stronger earnings
approved 2019-05-31; registry 2019-07-06; journal 2019 625647
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AK2 SIVILARKITEKT MNAL AS. Revenue 1.32m NOK → 2.26m NOK (+70.7%). Net result +94.2k NOK → +550.4k NOK. Equity 426.6k NOK → 32.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AK2 SIVILARKITEKT MNAL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.32m NOK to 2.26m NOK (+70.7% YoY). Calculated
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Operating result improved
Operating result +93.7k NOK → +689.0k NOK (op. margin 7.1% → 30.6%). Calculated
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Net result improved
Net result +94.2k NOK → +550.4k NOK (net margin 7.1% → 24.4%). Calculated
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Cash rose
Bank deposits 428.8k NOK → 543.9k NOK (+26.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 426.6k NOK → 32.0k NOK (equity ratio 44.4% → 3.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.63× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 893.4k NOK → 1.10m NOK (68% → 49% of revenue). Calculated