Org.nr 916 353 790 2018 → 2019 Year-over-year analysis

1.618 GROUP AS: årsregnskap 2019 vs 2018

Shrank 100% on revenue

approved 2020-08-31; registry 2020-10-17; journal 2020 956807

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 1.618 GROUP AS. Revenue 2.33m NOK → 3 623 NOK (-99.8%). Equity 173.7k NOK → 41.2k NOK.

On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 1.618 GROUP AS.

At a glance

Revenue

2.33m NOK 3 623 NOK

-99.8%

Net result

n/m 0 NOK

—

Equity

173.7k NOK 41.2k NOK

-76.3%

Cash

138.8k NOK 81.4k NOK

-41.4%

Total assets

507.5k NOK 1.44m NOK

+184.1%

↑
Current ratio back above 1×

Current ratio 0.42× → 295.94×. Calculated
↑
Payroll decreased

Salary cost 354.5k NOK → 192.7k NOK (15% → 5318% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.33m NOK to 3 623 NOK (-99.8% YoY). Calculated
↓
Equity eroded

Book equity 173.7k NOK → 41.2k NOK (equity ratio 34.2% → 2.9%). Calculated
↓
Cash fell

Bank deposits 138.8k NOK → 81.4k NOK (-41.4% YoY). Calculated

·
Thin equity buffer

Equity ratio is 2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 771.8k NOK → 1 396 NOK (-99.8% YoY). Calculated