1B1 GROUP AS: årsregnskap 2017 vs 2016
Shrank 72% on revenue, returned to profit
approved 2018-08-13; registry 2019-10-31; journal 2019 942206
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 1B1 GROUP AS. Revenue 3.91m NOK → 1.09m NOK (-72.0%). Net result -2.78m NOK → +594.8k NOK. Equity -3.56m NOK → -2.96m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1B1 GROUP AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -2.76m NOK → +396.0k NOK (op. margin -70.6% → 36.2%). Calculated
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Turned profitable
Net result flipped from a loss of 2.78m NOK to a profit of 594.8k NOK. Calculated
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Equity strengthened
Book equity -3.56m NOK → -2.96m NOK (equity ratio -606.5% → -813.6%). Calculated
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Payroll decreased
Salary cost 5.43m NOK → 152.0k NOK (139% → 14% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.91m NOK to 1.09m NOK (-72.0% YoY). Calculated
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↓
Cash fell
Bank deposits 81.1k NOK → 64.2k NOK (-20.9% YoY). Calculated
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COGS moved
COGS / varekostnad 4.26m NOK → 5.28m NOK (+23.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -813.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation