AKADEMIK AS: årsregnskap 2018 vs 2017
Grew 8% on revenue, returned to profit
approved 2019-05-31; registry 2019-06-24; journal 2019 507143
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AKADEMIK AS. Revenue 272.1k NOK → 293.5k NOK (+7.9%). Net result -39.07bn NOK → +20.8k NOK. Equity 54.7k NOK → 33.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AKADEMIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 272.1k NOK to 293.5k NOK (+7.9% YoY). Calculated
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↑
Operating result improved
Operating result -39.1k NOK → -20.8k NOK (op. margin -14.4% → -7.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 39.07bn NOK to a profit of 20.8k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 54.7k NOK → 33.9k NOK (equity ratio 53.9% → 100.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.17× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 23.9k NOK → 62.5k NOK (+161.5% YoY). Calculated