24SEVENOFFICE NC AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-03-30; registry 2020-06-30; journal 2020 519419
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 24SEVENOFFICE NC AS. Net result -29.1k NOK → -34.8k NOK. Equity 38.9k NOK → 4 187 NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
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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↑
Cash rose
Bank deposits 1 765 NOK → 6 756 NOK (+282.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.88× → 1.03×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -29.1k NOK → -34.8k NOK. Calculated
-
↓
Net result weakened
Net result -29.1k NOK → -34.8k NOK. Calculated
-
↓
Equity eroded
Book equity 38.9k NOK → 4 187 NOK (equity ratio 1.6% → 0.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 2.33m NOK → 1.45m NOK. Reported fact