24SEVENOFFICE NC AS: årsregnskap 2018 vs 2017
Stronger earnings, cash halved-plus
approved 2019-04-11; registry 2019-07-06; journal 2019 631125
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 24SEVENOFFICE NC AS. Net result -108.0k NOK → -29.1k NOK. Equity 68.0k NOK → 38.9k NOK.
On the constructive side: net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 24SEVENOFFICE NC AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -108.0k NOK → -29.1k NOK. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +288.5k NOK → -29.1k NOK. Calculated
-
↓
Equity eroded
Book equity 68.0k NOK → 38.9k NOK (equity ratio 2.8% → 1.6%). Calculated
-
↓
Cash fell
Bank deposits 38.1k NOK → 1 765 NOK (-95.4% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.28× → 0.88× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 2.32m NOK → 2.33m NOK. Reported fact