21 GRAMS AS: årsregnskap 2018 vs 2017
Grew 1581% on revenue, weaker earnings
approved 2019-06-28; registry 2019-08-03; journal 2019 847098
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 21 GRAMS AS. Revenue 842.0k NOK → 14.15m NOK (+1581.1%). Net result -13.0k NOK → -2.54m NOK. Equity 87.0k NOK → 43.0k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for 21 GRAMS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 842.0k NOK to 14.15m NOK (+1581.1% YoY). Calculated
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↑
Cash rose
Bank deposits 151.8k NOK → 435.0k NOK (+186.6% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -13.0k NOK → -2.54m NOK (net margin -1.5% → -18.0%). Calculated
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↓
Equity eroded
Book equity 87.0k NOK → 43.0k NOK (equity ratio 12.5% → 18.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.45× — 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 100.0k NOK → 600 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 92 NOK → 6 613 NOK (0% → 0% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 752.7k NOK → 12.74m NOK (+1593.0% YoY). Calculated