1-2-TRE AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-05-29; registry 2020-07-06; journal 2020 537645
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 1-2-TRE AS. Revenue 0 NOK → 39.0k NOK. Net result -67.6k NOK → -75.5k NOK. Equity -124.9k NOK → -200.4k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 1-2-TRE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 0 NOK to 39.0k NOK. Calculated
-
↑
Cash rose
Bank deposits 289 NOK → 2 119 NOK (+633.2% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -80.9k NOK → -98.2k NOK. Calculated
-
↓
Net result weakened
Net result -67.6k NOK → -75.5k NOK. Calculated
-
↓
Equity eroded
Book equity -124.9k NOK → -200.4k NOK (equity ratio -43.3% → -74.0%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -74.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 16.9k NOK → 38.2k NOK (+125.5% YoY). Calculated