123 MINILAGER AS: årsregnskap 2018 vs 2017
Grew 385% on revenue, returned to profit, cash halved-plus
approved 2019-03-05; registry 2019-03-21; journal 2019 246364
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 123 MINILAGER AS. Revenue 1.48m NOK → 7.16m NOK (+385.0%). Net result -1.26m NOK → +70 NOK.
On the constructive side: revenue rose; turned profitable; current ratio back above 1×. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 123 MINILAGER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.48m NOK to 7.16m NOK (+385.0% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 1.26m NOK to a profit of 70 NOK. Calculated
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Current ratio back above 1×
Current ratio 0.00× → 1.68×. Calculated
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Owners injected capital
Paid-in equity rose 35.6k NOK → 5.12m NOK (+5.08m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +1.12m NOK → +84.4k NOK (op. margin 75.8% → 1.2%). Calculated
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↓
Cash fell
Bank deposits 740.5k NOK → 71.4k NOK (-90.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 716.8k NOK → 1.40m NOK (49% → 20% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.08m NOK → 2.56m NOK (+136.4% YoY). Calculated