1 2 3 LØFT AS: årsregnskap 2018 vs 2017
Stronger earnings, cash halved-plus
approved 2019-04-24; registry 2019-05-11; journal 2019 326369
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 1 2 3 LØFT AS. Revenue 1.49m NOK → 1.42m NOK (-4.8%). Net result +57.1k NOK → +96.9k NOK. Equity 139.5k NOK → 236.4k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 1 2 3 LØFT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -221.6k NOK → +266.5k NOK (op. margin -14.9% → 18.8%). Calculated
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Net result improved
Net result +57.1k NOK → +96.9k NOK (net margin 3.8% → 6.8%). Calculated
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Equity strengthened
Book equity 139.5k NOK → 236.4k NOK (equity ratio 26.2% → 51.8%). Calculated
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Current ratio back above 1×
Current ratio 0.77× → 1.70×. Calculated
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Payroll decreased
Salary cost 875.6k NOK → 272.8k NOK (59% → 19% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.49m NOK to 1.42m NOK (-4.8% YoY). Calculated
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Cash fell
Bank deposits 5.18m NOK → 206.8k NOK (-96.0% YoY). Calculated
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COGS moved
COGS / varekostnad 155.1k NOK → 170.4k NOK (+9.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.18m NOK → 206.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 67.5k NOK → 3 NOK. Reported fact