SOILTECH ASA: årsregnskap 2018 vs 2017
Grew 67% on revenue, fresh owner capital
approved 2019-03-14; registry 2019-05-22; journal 2019 346642
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for SOILTECH ASA. Revenue 31.87m NOK → 53.14m NOK (+66.8%). Equity 60.66m NOK → 87.09m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for SOILTECH ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 31.87m NOK to 53.14m NOK (+66.8% YoY). Calculated
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↑
Equity strengthened
Book equity 60.66m NOK → 87.09m NOK (equity ratio 76.9% → 67.6%). Calculated
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↑
Cash rose
Bank deposits 28.87m NOK → 53.25m NOK (+84.5% YoY). Calculated
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Owners injected capital
Paid-in equity rose 41.45m NOK → 61.43m NOK (+19.97m NOK). Reported fact
Things to notice
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Payroll increased
Salary cost 9.63m NOK → 10.63m NOK (30% → 20% of revenue). Calculated
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COGS moved
COGS / varekostnad 14.04m NOK → 20.38m NOK (+45.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 964.9k NOK → 948.9k NOK. Reported fact