1-2-TRE AS: årsregnskap 2017 vs 2016
Cash halved-plus
approved 2018-06-21; registry 2018-06-27; journal 2018 576004
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 1-2-TRE AS. Revenue 69.4k NOK → 69.4k NOK (0.0%). Equity 5 580 NOK → -57.3k NOK.
On the constructive side: payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 1-2-TRE AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 56.5k NOK → 1 090 NOK (81% → 2% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 5 580 NOK → -57.3k NOK (equity ratio 1.6% → -17.9%). Calculated
-
↓
Cash fell
Bank deposits 8 131 NOK → 1 746 NOK (-78.5% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -17.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 84.5k NOK → 12.8k NOK (-84.8% YoY). Calculated