24/7 BUDSERVICE AS: årsregnskap 2018 vs 2017
Grew 171966% on revenue, weaker earnings
approved 2019-06-30; registry 2019-07-10; journal 2019 669254
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 24/7 BUDSERVICE AS. Revenue 1 568 NOK → 2.70m NOK (+171965.9%). Net result +129.9k NOK → +17.8k NOK. Equity 6.16m NOK → 61.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 24/7 BUDSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 568 NOK to 2.70m NOK (+171965.9% YoY). Calculated
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Cash rose
Bank deposits 2 050 NOK → 3 810 NOK (+85.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +171.5k NOK → +8 040 NOK (op. margin 10937.9% → 0.3%). Calculated
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↓
Net result weakened
Net result +129.9k NOK → +17.8k NOK (net margin 8282.0% → 0.7%). Calculated
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↓
Equity eroded
Book equity 6.16m NOK → 61.7k NOK (equity ratio 840.2% → 8.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 112 NOK → 414.0k NOK (71% → 15% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 509.3k NOK → 1 150 NOK (-99.8% YoY). Calculated