HOMECO ASA: årsregnskap 2018 vs 2017
Grew 36% on revenue, slipped into loss
approved 2019-03-04; registry 2019-08-12; journal 2019 915885
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for HOMECO ASA. Revenue 650.42m NOK → 883.55m NOK (+35.8%). Net result +15.47m NOK → -14.59m NOK. Equity 215.79m NOK → 201.20m NOK.
On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for HOMECO ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 650.42m NOK to 883.55m NOK (+35.8% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 15.47m NOK profit to a loss of 14.59m NOK. Calculated
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↓
Equity eroded
Book equity 215.79m NOK → 201.20m NOK (equity ratio 40.4% → 37.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.05× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 2.18bn NOK (0% → 247% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 383.10m NOK → 488.62m NOK (+27.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 478.88m NOK → 485.32m NOK. Reported fact