1852 INVEST AS: årsregnskap 2018 vs 2017
Mixed movements in the accounts
approved 2019-06-25; registry 2019-07-06; journal 2019 618765
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 1852 INVEST AS. Revenue 10.39m NOK → 10.80m NOK (+3.9%). Equity 19.13m NOK → 12.30m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for 1852 INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.39m NOK to 10.80m NOK (+3.9% YoY). Calculated
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↑
Cash rose
Bank deposits 936.6k NOK → 3.40m NOK (+262.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 19.13m NOK → 12.30m NOK (equity ratio 59.4% → 40.3%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 9.37m NOK → 9.13m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 23.85m NOK → 26.08m NOK (230% → 242% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 124.37m NOK → 133.29m NOK (+7.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 18.67m NOK → 16.80m NOK. Reported fact