FirmaIQ
Org.nr 994 764 888 2017 → 2018 Year-over-year analysis

2COM AS: årsregnskap 2018 vs 2017

Shrank 49% on revenue, weaker earnings, cash halved-plus

approved 2019-05-25; registry 2019-06-22; journal 2019 504841

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 2COM AS. Revenue 429.8k NOK → 218.8k NOK (-49.1%). Net result +1.63m NOK → +77.8k NOK. Equity 9.47m NOK → 9.39m NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 2COM AS.

At a glance

Scorecard

Revenue
429.8k NOK 218.8k NOK
-49.1%
Operating result
+185.7k NOK +156.1k NOK
-15.9%
Net result
+1.63m NOK +77.8k NOK
-95.2%
Equity
9.47m NOK 9.39m NOK
-0.8%
Cash
10.21m NOK 3.35m NOK
-67.1%
Total assets
15.97m NOK 11.31m NOK
-29.2%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 429.8k NOK to 218.8k NOK (-49.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +185.7k NOK → +156.1k NOK (op. margin 43.2% → 71.4%). Calculated

  • ↓

    Net result weakened

    Net result +1.63m NOK → +77.8k NOK (net margin 378.1% → 35.6%). Calculated

  • ↓

    Equity eroded

    Book equity 9.47m NOK → 9.39m NOK (equity ratio 59.3% → 83.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 10.21m NOK → 3.35m NOK (-67.1% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (10.21m NOK → 3.35m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 2 272 NOK → 5 552 NOK. Reported fact