2 SAKSER AS: årsregnskap 2018 vs 2017
Grew 6% on revenue, stronger earnings
approved 2019-05-08; registry 2019-05-28; journal 2019 363722
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 2 SAKSER AS. Revenue 1.53m NOK → 1.63m NOK (+6.2%). Net result -45.0k NOK → -22.8k NOK. Equity 34.8k NOK → 12.0k 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; payroll increased. All figures are taken from the published annual accounts for 2 SAKSER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.53m NOK to 1.63m NOK (+6.2% YoY). Calculated
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↑
Operating result improved
Operating result -40.3k NOK → -17.6k NOK (op. margin -2.6% → -1.1%). Calculated
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↑
Net result improved
Net result -45.0k NOK → -22.8k NOK (net margin -2.9% → -1.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 34.8k NOK → 12.0k NOK (equity ratio 12.2% → 5.1%). Calculated
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↓
Cash fell
Bank deposits 139.2k NOK → 111.7k NOK (-19.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 978.6k NOK → 1.03m NOK (64% → 63% of revenue). Calculated