AXACTOR ASA: årsregnskap 2018 vs 2017
Shrank 70% on revenue, stronger earnings
approved 2019-03-20; registry 2019-06-20; journal 2019 475691
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AXACTOR ASA. Revenue 5.81m NOK → 1.74m NOK (-70.1%). Net result +1.97m NOK → +2.39m NOK. Equity 275.20m NOK → 280.5k NOK.
On the constructive side: net result improved; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AXACTOR ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result +1.97m NOK → +2.39m NOK (net margin 33.9% → 137.7%). Calculated
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Cash rose
Bank deposits 5.64m NOK → 23.14m NOK (+310.2% YoY). Calculated
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Owners injected capital
Paid-in equity rose 79.38m NOK → 81.11m NOK (+1.74m NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 5.81m NOK to 1.74m NOK (-70.1% YoY). Calculated
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Operating result weakened
Operating result -1.57m NOK → -2.90m NOK (op. margin -27.0% → -167.2%). Calculated
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Equity eroded
Book equity 275.20m NOK → 280.5k NOK (equity ratio 99.3% → 65.2%). Calculated
Things to notice
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COGS fell
COGS / varekostnad 54.49m NOK → 21 NOK (-100.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 265.33m NOK → 402.8k NOK. Reported fact