15 MEANINGS AS: årsregnskap 2018 vs 2017
Grew 10% on revenue, cash halved-plus
approved 2019-05-24; registry 2019-06-19; journal 2019 470721
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 15 MEANINGS AS. Revenue 1.80m NOK → 1.99m NOK (+10.4%). Equity 86.5k NOK → -207.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 15 MEANINGS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.80m NOK to 1.99m NOK (+10.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -93.5k NOK → -290.9k NOK (op. margin -5.2% → -14.7%). Calculated
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↓
Equity eroded
Book equity 86.5k NOK → -207.8k NOK (equity ratio 18.3% → -51.7%). Calculated
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↓
Cash fell
Bank deposits 93.1k NOK → 34.9k NOK (-62.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.18× → 0.64× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -51.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1.28m NOK → 1.44m NOK (71% → 72% of revenue). Calculated