1ST BRANDS AS: årsregnskap 2018 vs 2017
Grew 1888% on revenue
approved 2019-06-30; registry 2019-07-13; journal 2019 701628
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 1ST BRANDS AS. Revenue 432.9k NOK → 8.61m NOK (+1888.5%). Equity -267.3k NOK → -820.6k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for 1ST BRANDS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 432.9k NOK to 8.61m NOK (+1888.5% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -267.3k NOK → -820.6k NOK (equity ratio -612.7% → -62.2%). Calculated
-
↓
Cash fell
Bank deposits 238.4k NOK → 219.8k NOK (-7.8% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 4.98m NOK → 5.34m NOK (1149% → 62% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 2.59m NOK → 103.0k NOK (-96.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 116.8k NOK → 47.2k NOK. Reported fact