13 INVEST AS: årsregnskap 2018 vs 2017
Grew 119% on revenue, cash halved-plus
approved 2019-07-25; registry 2019-08-03; journal 2019 852845
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 13 INVEST AS. Revenue 625 NOK → 1 367 NOK (+118.7%). Equity 581.9k NOK → 114.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 13 INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 625 NOK to 1 367 NOK (+118.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +529.2k NOK → -303.6k NOK (op. margin 84665.1% → -22211.6%). Calculated
-
↓
Equity eroded
Book equity 581.9k NOK → 114.6k NOK (equity ratio 90.9% → 100.0%). Calculated
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↓
Cash fell
Bank deposits 178.1k NOK → 41.9k NOK (-76.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 11.17× → 0.74× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 5 697 NOK → 7 064 NOK. Reported fact