2CARE HJEMMETJENESTER AS: årsregnskap 2019 vs 2018
Grew 11% on revenue, cash halved-plus, fresh owner capital
approved 2020-07-03; registry 2020-07-25; journal 2020 605663
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2CARE HJEMMETJENESTER AS. Revenue 48.86m NOK → 54.16m NOK (+10.9%). Equity 119.8k NOK → 1.45m NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for 2CARE HJEMMETJENESTER AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 48.86m NOK to 54.16m NOK (+10.9% YoY). Calculated
-
↑
Equity strengthened
Book equity 119.8k NOK → 1.45m NOK (equity ratio 0.6% → 10.4%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 19.70m NOK → 25.50m NOK (+5.80m NOK). Reported fact
What deteriorated
-
↓
Cash fell
Bank deposits 11.83m NOK → 4.50m NOK (-62.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.16× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (11.83m NOK → 4.50m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS moved
COGS / varekostnad 501.6k NOK → 827.5k NOK (+65.0% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 183.2k NOK → 210.5k NOK. Reported fact