AKERSHUS AUTO BILVERKSTED AS: årsregnskap 2018 vs 2017
Shrank 89% on revenue, slipped into loss
approved 2019-06-19; registry 2019-07-01; journal 2019 577977
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AKERSHUS AUTO BILVERKSTED AS. Revenue 3.05m NOK → 332.2k NOK (-89.1%). Net result +721.3k NOK → -335.1k NOK. Equity 819.2k NOK → 484.1k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AKERSHUS AUTO BILVERKSTED AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 160.8k NOK → 309.7k NOK (+92.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.05m NOK to 332.2k NOK (-89.1% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 721.3k NOK profit to a loss of 335.1k NOK. Calculated
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↓
Equity eroded
Book equity 819.2k NOK → 484.1k NOK (equity ratio 93.2% → 91.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 14.3k NOK → 437.0k NOK (0% → 132% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.60m NOK → 368.9k NOK (-77.0% YoY). Calculated