AKERSHUS HÅNDTVERKSTJENESTER AS: årsregnskap 2018 vs 2017
Grew 7% on revenue, weaker earnings, cash halved-plus
approved 2019-06-20; registry 2019-07-25; journal 2019 828060
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AKERSHUS HÅNDTVERKSTJENESTER AS. Revenue 409.3k NOK → 439.8k NOK (+7.4%). Net result +52.4k NOK → +27.2k NOK. Equity -481.1k NOK → -453.9k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AKERSHUS HÅNDTVERKSTJENESTER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 409.3k NOK to 439.8k NOK (+7.4% YoY). Calculated
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↑
Equity strengthened
Book equity -481.1k NOK → -453.9k NOK (equity ratio -42.2% → -62.2%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +53.5k NOK → +27.2k NOK (op. margin 13.1% → 6.2%). Calculated
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↓
Net result weakened
Net result +52.4k NOK → +27.2k NOK (net margin 12.8% → 6.2%). Calculated
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↓
Cash fell
Bank deposits 331.2k NOK → 142.6k NOK (-56.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -62.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 32.8k NOK → 630.7k NOK (+1822.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 720.0k NOK → 720 NOK. Reported fact