1 SBX AS: årsregnskap 2019 vs 2018
Grew 94% on revenue, cash halved-plus
approved 2020-06-15; registry 2020-07-14; journal 2020 586086
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 1 SBX AS. Revenue 100.0k NOK → 193.9k NOK (+94.0%). Equity 63.5k NOK → 47.0k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 1 SBX AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 100.0k NOK to 193.9k NOK (+94.0% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 63.5k NOK → 47.0k NOK (equity ratio 1.9% → 1.4%). Calculated
-
↓
Cash fell
Bank deposits 42.8k NOK → 13.4k NOK (-68.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 36.9k NOK → 93.0k NOK (37% → 48% of revenue). Calculated