ARENDALS FOSSEKOMPANI ASA: årsregnskap 2018 vs 2017
Grew 38% on revenue, stronger earnings, cash halved-plus
approved 2019-04-25; registry 2019-07-02; journal 2019 577733
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ARENDALS FOSSEKOMPANI ASA. Revenue 140.7k NOK → 194.7k NOK (+38.4%). Net result +2.67m NOK → +140.74m NOK. Equity 4.20bn NOK → 2.96bn NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for ARENDALS FOSSEKOMPANI ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 140.7k NOK to 194.7k NOK (+38.4% YoY). Calculated
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Operating result improved
Operating result +64.81m NOK → +261.41m NOK (op. margin 46069.9% → 134261.3%). Calculated
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Net result improved
Net result +2.67m NOK → +140.74m NOK (net margin 1899.1% → 72282.6%). Calculated
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Owners injected capital
Paid-in equity rose 225.1k NOK → 225.10m NOK (+224.87m NOK). Reported fact
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Payroll decreased
Salary cost 37.70m NOK → 34.14m NOK (26803% → 17533% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 4.20bn NOK → 2.96bn NOK (equity ratio 67.0% → 80.6%). Calculated
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Cash fell
Bank deposits 1.71bn NOK → 285.75m NOK (-83.2% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.71bn NOK → 285.75m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 2.78m NOK → 5.17m NOK (+86.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.91bn NOK → 2.04bn NOK. Reported fact