10X CAPITAL AS: årsregnskap 2018 vs 2017
Shrank 28% on revenue, returned to profit
approved 2019-06-30; registry 2019-07-29; journal 2019 814836
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 10X CAPITAL AS. Revenue 21.5k NOK → 15.5k NOK (-27.6%). Net result -58.7k NOK → +1 203 NOK. Equity -51.8k NOK → -50.6k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 10X CAPITAL AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -58.3k NOK → +744 NOK (op. margin -271.8% → 4.8%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 58.7k NOK to a profit of 1 203 NOK. Calculated
-
↑
Equity strengthened
Book equity -51.8k NOK → -50.6k NOK (equity ratio -806.0% → -867.9%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 21.5k NOK to 15.5k NOK (-27.6% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 3 NOK → 21.7k NOK (0% → 140% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -867.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation