FirmaIQ
Org.nr 988 578 932 2017 → 2018 Year-over-year analysis

SMARTDOK AS: årsregnskap 2018 vs 2017

Grew 28% on revenue, slipped into loss

approved 02.05.2019; registry 11.06.2019; journal 2019 407416

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for SMARTDOK AS. Revenue 33.28m NOK → 42.61m NOK (+28.0%). Net result +4.34m NOK → -1.36m NOK. Equity 3.29m NOK → 2.63m NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: fell into a net loss; equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for SMARTDOK AS.

At a glance

Scorecard

Revenue
33.28m NOK 42.61m NOK
+28.0%
Operating result
+5.40m NOK +5.80m NOK
+7.3%
Net result
+4.34m NOK -1.36m NOK
-131.4%
Equity
3.29m NOK 2.63m NOK
-20.1%
Cash
16.62m NOK 21.89m NOK
+31.7%
Total assets
28.81m NOK 31.19m NOK
+8.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 33.28m NOK to 42.61m NOK (+28.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +5.40m NOK → +5.80m NOK (op. margin 16.2% → 13.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 16.62m NOK → 21.89m NOK (+31.7% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 92.0k NOK → 94.0k NOK (+2 000 NOK). Reported fact

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 4.34m NOK profit to a loss of 1.36m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 3.29m NOK → 2.63m NOK (equity ratio 11.4% → 8.4%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 8.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 15.03m NOK → 18.93m NOK (45% → 44% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 4.44m NOK → 7.78m NOK (+75.4% YoY). Calculated