2K TECH AS: årsregnskap 2017 vs 2016
Shrank 51% on revenue, slipped into loss
approved 2018-06-27; registry 2018-07-11; journal 2018 669439
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 2K TECH AS. Revenue 147.2k NOK → 72.9k NOK (-50.5%). Net result +87.1k NOK → -251.2k NOK. Equity 201.5k NOK → -49.7k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 2K TECH AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 90 NOK → 10.7k NOK (+11830.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 147.2k NOK to 72.9k NOK (-50.5% YoY). Calculated
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↓
Operating result weakened
Operating result +78.1k NOK → +61.7k NOK (op. margin 53.1% → 84.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 87.1k NOK profit to a loss of 251.2k NOK. Calculated
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↓
Equity eroded
Book equity 201.5k NOK → -49.7k NOK (equity ratio 36.3% → -26.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -26.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 438.1k NOK → 136.7k NOK. Reported fact