AKERSHUS BYGG BRØDRE AS: årsregnskap 2018 vs 2017
Grew 73% on revenue, stronger earnings, cash halved-plus
approved 2019-04-30; registry 2019-07-24; journal 2019 781512
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AKERSHUS BYGG BRØDRE AS. Revenue 4.03m NOK → 6.99m NOK (+73.4%). Net result +385.4k NOK → +595.7k NOK. Equity -108.5k NOK → 487.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AKERSHUS BYGG BRØDRE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.03m NOK to 6.99m NOK (+73.4% YoY). Calculated
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Operating result improved
Operating result +390.5k NOK → +650.4k NOK (op. margin 9.7% → 9.3%). Calculated
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Net result improved
Net result +385.4k NOK → +595.7k NOK (net margin 9.6% → 8.5%). Calculated
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Equity strengthened
Book equity -108.5k NOK → 487.3k NOK (equity ratio -11.8% → 51.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 513.4k NOK → 1 121 NOK (-99.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 28.06× → 0.61× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 3.60m NOK → 4.72m NOK (89% → 68% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 255.1k NOK → 856.8k NOK (+235.9% YoY). Calculated