2CREATE AS: årsregnskap 2018 vs 2017
Grew 7% on revenue, weaker earnings
approved 2019-05-11; registry 2019-06-04; journal 2019 378690
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 2CREATE AS. Revenue 494.7k NOK → 527.2k NOK (+6.6%). Net result +139.1k NOK → +74.9k NOK. Equity 149.0k NOK → 123.9k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for 2CREATE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 494.7k NOK to 527.2k NOK (+6.6% YoY). Calculated
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↑
Cash rose
Bank deposits 172.2k NOK → 195.7k NOK (+13.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +185.0k NOK → +97.2k NOK (op. margin 37.4% → 18.4%). Calculated
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↓
Net result weakened
Net result +139.1k NOK → +74.9k NOK (net margin 28.1% → 14.2%). Calculated
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↓
Equity eroded
Book equity 149.0k NOK → 123.9k NOK (equity ratio 59.2% → 52.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 10.0k NOK → 1.14m NOK (2% → 216% of revenue). Calculated