1B1 GROUP AS: årsregnskap 2018 vs 2017
Shrank 90% on revenue, slipped into loss, cash halved-plus
approved 2019-09-11; registry 2019-09-24; journal 2019 937369
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 1B1 GROUP AS. Revenue 1.09m NOK → 106.0k NOK (-90.3%). Net result +594.8k NOK → -308.9k NOK. Equity -2.96m NOK → -3.27m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 1B1 GROUP AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 152.0k NOK → -19.7k NOK (14% → -19% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.09m NOK to 106.0k NOK (-90.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +396.0k NOK → -110.8k NOK (op. margin 36.2% → -104.5%). Calculated
-
↓
Fell into a net loss
Net result flipped from 594.8k NOK profit to a loss of 308.9k NOK. Calculated
-
↓
Equity eroded
Book equity -2.96m NOK → -3.27m NOK (equity ratio -813.6% → -4026.1%). Calculated
-
↓
Cash fell
Bank deposits 64.2k NOK → 11.0k NOK (-82.9% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -4026.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 5.28m NOK → 12.3k NOK (-99.8% YoY). Calculated