AKERSGATEN 73 B-E AS: årsregnskap 2018 vs 2017
Weaker earnings, cash halved-plus
approved 2019-05-28; registry 2019-07-01; journal 2019 561304
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AKERSGATEN 73 B-E AS. Revenue 4.11m NOK → 4.17m NOK (+1.5%). Net result +939.7k NOK → +509.6k NOK. Equity 276.5k NOK → 106.0k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERSGATEN 73 B-E AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.11m NOK to 4.17m NOK (+1.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.53m NOK → 1.55m NOK (110% → 37% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +939.7k NOK → +509.6k NOK (net margin 22.9% → 12.2%). Calculated
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↓
Equity eroded
Book equity 276.5k NOK → 106.0k NOK (equity ratio 8.4% → 3.5%). Calculated
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Cash fell
Bank deposits 218.6k NOK → 94.0k NOK (-57.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation