KONGSBERG AUTOMOTIVE ASA: årsregnskap 2018 vs 2017
Shrank 66% on revenue, returned to profit
approved 2019-05-15; registry 2019-07-02; journal 2019 580831
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for KONGSBERG AUTOMOTIVE ASA. Revenue 29.90m NOK → 10.10m NOK (-66.2%). Net result -8.00m NOK → +23.80m NOK. Equity 296.20m NOK → 349.0k NOK.
On the constructive side: turned profitable; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for KONGSBERG AUTOMOTIVE ASA.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 8.00m NOK to a profit of 23.80m NOK. Calculated
-
↑
Payroll decreased
Salary cost 8.95m NOK → 200.0k NOK (30% → 2% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 29.90m NOK to 10.10m NOK (-66.2% YoY). Calculated
-
↓
Equity eroded
Book equity 296.20m NOK → 349.0k NOK (equity ratio 44.6% → 49.1%). Calculated
-
↓
Cash fell
Bank deposits 21.25m NOK → 12.00m NOK (-43.5% YoY). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 191.95m NOK → 228.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 30.48m NOK → 508.3k NOK (-98.3% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 623.00m NOK → 676.0k NOK. Reported fact