1B1 GROUP AS: årsregnskap 2019 vs 2018
Grew 38% on revenue, returned to profit
approved 2020-11-05; registry 2020-11-11; journal 2020 966931
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 1B1 GROUP AS. Revenue 106.0k NOK → 145.8k NOK (+37.5%). Net result -308.9k NOK → +32.3k NOK. Equity -3.27m NOK → -3.24m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
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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Revenue rose
Operating income / revenue moved from 106.0k NOK to 145.8k NOK (+37.5% YoY). Calculated
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Operating result improved
Operating result -110.8k NOK → +37.4k NOK (op. margin -104.5% → 25.6%). Calculated
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Turned profitable
Net result flipped from a loss of 308.9k NOK to a profit of 32.3k NOK. Calculated
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Equity strengthened
Book equity -3.27m NOK → -3.24m NOK (equity ratio -4026.1% → -6739.5%). Calculated
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Cash rose
Bank deposits 11.0k NOK → 48.0k NOK (+337.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -6739.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation