2K TECH AS: årsregnskap 2018 vs 2017
Grew 225% on revenue, returned to profit
approved 2019-07-30; registry 2019-08-06; journal 2019 881146
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 2K TECH AS. Revenue 72.9k NOK → 237.0k NOK (+225.2%). Net result -251.2k NOK → +131.6k NOK. Equity -49.7k NOK → 81.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: 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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Revenue rose
Operating income / revenue moved from 72.9k NOK to 237.0k NOK (+225.2% YoY). Calculated
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Operating result improved
Operating result +61.7k NOK → +224.1k NOK (op. margin 84.6% → 94.6%). Calculated
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Turned profitable
Net result flipped from a loss of 251.2k NOK to a profit of 131.6k NOK. Calculated
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Equity strengthened
Book equity -49.7k NOK → 81.9k NOK (equity ratio -26.5% → 27.6%). Calculated
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Cash rose
Bank deposits 10.7k NOK → 37.0k NOK (+244.9% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 136.7k NOK → 49.0k NOK. Reported fact