2CARE HJEMMETJENESTER AS: årsregnskap 2018 vs 2017
Grew 13% on revenue, fresh owner capital
approved 2019-06-06; registry 2019-07-31; journal 2019 829403
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 2CARE HJEMMETJENESTER AS. Revenue 43.36m NOK → 48.86m NOK (+12.7%). Equity 271.6k NOK → 119.8k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 2CARE HJEMMETJENESTER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 43.36m NOK to 48.86m NOK (+12.7% YoY). Calculated
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↑
Cash rose
Bank deposits 1.12m NOK → 11.83m NOK (+960.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.93× → 1.16×. Calculated
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↑
Owners injected capital
Paid-in equity rose 13.70m NOK → 19.70m NOK (+6.00m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 271.6k NOK → 119.8k NOK (equity ratio 1.6% → 0.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 593.9k NOK → 501.6k NOK (-15.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 147.9k NOK → 183.2k NOK. Reported fact