2 PLAY AS: årsregnskap 2017 vs 2016
Returned to profit
approved 2018-06-28; registry 2018-07-21; journal 2018 739259
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 2 PLAY AS. Revenue 6.58m NOK → 6.73m NOK (+2.4%). Net result -979.3k NOK → +237.3k NOK. Equity -649.0k NOK → -886.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 2 PLAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.58m NOK to 6.73m NOK (+2.4% YoY). Calculated
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↑
Operating result improved
Operating result -880.4k NOK → +186.2k NOK (op. margin -13.4% → 2.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 979.3k NOK to a profit of 237.3k NOK. Calculated
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↑
Cash rose
Bank deposits 35.1k NOK → 966.7k NOK (+2654.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.83m NOK → 1.80m NOK (28% → 27% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -649.0k NOK → -886.4k NOK (equity ratio -18.1% → -33.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -33.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 3.46m NOK → 3.09m NOK (-10.6% YoY). Calculated