2MINITZ AS: årsregnskap 2018 vs 2017
Shrank 47% on revenue, stronger earnings, cash halved-plus
approved 2019-03-19; registry 2019-03-27; journal 2019 254433
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 2MINITZ AS. Revenue 27.2k NOK → 14.4k NOK (-47.1%). Net result -40.4k NOK → -19.8k NOK. Equity -415.3k NOK → -435.1k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 2MINITZ AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -40.4k NOK → -19.8k NOK (net margin -148.5% → -137.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 27.2k NOK to 14.4k NOK (-47.1% YoY). Calculated
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↓
Equity eroded
Book equity -415.3k NOK → -435.1k NOK (equity ratio -738.6% → -1156.0%). Calculated
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↓
Cash fell
Bank deposits 34.7k NOK → 15.0k NOK (-56.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1156.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 18.3k NOK → 1 435 NOK (-92.1% YoY). Calculated