AKERSHUS BIOVARME AS: årsregnskap 2018 vs 2017
Grew 9% on revenue, weaker earnings
approved 2019-06-28; registry 2019-07-15; journal 2019 721860
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AKERSHUS BIOVARME AS. Revenue 759.7k NOK → 828.8k NOK (+9.1%). Net result +205.3k NOK → +85.4k NOK. Equity 6.29m NOK → 374.3k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKERSHUS BIOVARME AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 759.7k NOK to 828.8k NOK (+9.1% YoY). Calculated
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↑
Cash rose
Bank deposits 279.9k NOK → 720.8k NOK (+157.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +311.4k NOK → +251.8k NOK (op. margin 41.0% → 30.4%). Calculated
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↓
Net result weakened
Net result +205.3k NOK → +85.4k NOK (net margin 27.0% → 10.3%). Calculated
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↓
Equity eroded
Book equity 6.29m NOK → 374.3k NOK (equity ratio 156.3% → 8.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 113.0k NOK → 87.2k NOK (-22.9% YoY). Calculated