Org.nr 818 931 972 2017 → 2018 Year-over-year analysis

11222 GROUP AS: årsregnskap 2018 vs 2017

Weaker earnings, cash halved-plus

approved 2019-06-30; registry 2019-07-30; journal 2019 820068

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 11222 GROUP AS. Net result -132.4k NOK → -540.9k NOK. Equity 7.20m NOK → -342.8k NOK.

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

Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for 11222 GROUP AS.

At a glance

Revenue

n/m 0 NOK

—

Net result

-132.4k NOK -540.9k NOK

-308.5%

Equity

7.20m NOK -342.8k NOK

-104.8%

Cash

198.1k NOK 59.2k NOK

-70.1%

Total assets

198.1k NOK 59.2k NOK

-70.1%

↓
Net result weakened

Net result -132.4k NOK → -540.9k NOK. Calculated
↓
Equity eroded

Book equity 7.20m NOK → -342.8k NOK (equity ratio 3633.1% → -579.1%). Calculated
↓
Cash fell

Bank deposits 198.1k NOK → 59.2k NOK (-70.1% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 1 132 NOK → 540.9k NOK. Calculated

·
Thin equity buffer

Equity ratio is -579.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Paid-in equity reduced

Paid-in equity fell 330.5k NOK → 33.3k NOK — check capital reduction, conversion, or reclassification. Interpretation