FirmaIQ
Org.nr 912 716 457 2017 → 2018 Year-over-year analysis

2 PLAY AS: årsregnskap 2018 vs 2017

Stronger earnings, cash halved-plus

approved 2019-06-14; registry 2019-06-26; journal 2019 533152

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 2 PLAY AS. Revenue 6.73m NOK → 6.85m NOK (+1.8%). Net result +237.3k NOK → +455.0k NOK. Equity -886.4k NOK → -1.34m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 2 PLAY AS.

At a glance

Scorecard

Revenue
6.73m NOK 6.85m NOK
+1.8%
Operating result
+186.2k NOK +355.6k NOK
+91.0%
Net result
+237.3k NOK +455.0k NOK
+91.7%
Equity
-886.4k NOK -1.34m NOK
-51.3%
Cash
966.7k NOK 289.2k NOK
-70.1%
Total assets
2.67m NOK 2.68m NOK
+0.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6.73m NOK to 6.85m NOK (+1.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +186.2k NOK → +355.6k NOK (op. margin 2.8% → 5.2%). Calculated

  • ↑

    Net result improved

    Net result +237.3k NOK → +455.0k NOK (net margin 3.5% → 6.6%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -886.4k NOK → -1.34m NOK (equity ratio -33.2% → -50.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 966.7k NOK → 289.2k NOK (-70.1% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -50.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 3.09m NOK → 3.40m NOK (+10.1% YoY). Calculated