2 BRØDRE HOLDING AS: årsregnskap 2017 vs 2016
Cash halved-plus
approved 2018-04-20; registry 2018-07-14; journal 2018 683148
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 2 BRØDRE HOLDING AS. Revenue 5.22m NOK → 5.40m NOK (+3.5%). Equity 72.96m NOK → 13.14m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for 2 BRØDRE HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.22m NOK to 5.40m NOK (+3.5% YoY). Calculated
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↑
Operating result improved
Operating result -491.6k NOK → -220.7k NOK (op. margin -9.4% → -4.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 72.96m NOK → 13.14m NOK (equity ratio 99.1% → 38.7%). Calculated
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↓
Cash fell
Bank deposits 775.2k NOK → 23.2k NOK (-97.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 74.87× → 0.35× — 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 36.90m NOK → 6.45m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 4.89m NOK → 6.64m NOK. Reported fact