2 SA1X AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue, weaker earnings
approved 2019-06-30; registry 2019-08-06; journal 2019 882782
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 2 SA1X AS. Revenue 1.25bn NOK → 218.7k NOK (-100.0%). Net result +887.7k NOK → +308.0k NOK. Equity 13.98m NOK → 13 NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 2 SA1X AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 118.2k NOK → 483.9k NOK (+309.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.25bn NOK to 218.7k NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result +216.5k NOK → +161.6k NOK (op. margin 0.0% → 73.9%). Calculated
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↓
Net result weakened
Net result +887.7k NOK → +308.0k NOK (net margin 0.1% → 140.8%). Calculated
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↓
Equity eroded
Book equity 13.98m NOK → 13 NOK (equity ratio 447.0% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 9 310 NOK → 1 009 NOK. Reported fact