Org.nr 919 169 494 2017 → 2018 Year-over-year analysis

10MILESNORTH AS: årsregnskap 2018 vs 2017

Weaker earnings, cash halved-plus

approved 2019-12-02; registry 2019-12-04; journal 2019 945100

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 10MILESNORTH AS. Net result -108.4k NOK → -532.9k NOK. Equity -8 361 NOK → -541.3k NOK.

Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 10MILESNORTH AS.

At a glance

Net result

-108.4k NOK -532.9k NOK

-391.8%

Equity

-8 361 NOK -541.3k NOK

-6373.6%

Cash

100.4k NOK 3 430 NOK

-96.6%

Total assets

2.77m NOK 3.56m NOK

+28.6%

↓
Net result weakened

Net result -108.4k NOK → -532.9k NOK. Calculated
↓
Equity eroded

Book equity -8 361 NOK → -541.3k NOK (equity ratio -0.3% → -15.2%). Calculated
↓
Cash fell

Bank deposits 100.4k NOK → 3 430 NOK (-96.6% YoY). Calculated
↓
COGS moved

COGS / varekostnad 500 NOK → 19.1k NOK (+3711.4% YoY). Calculated

·
Thin equity buffer

Equity ratio is -15.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation