2Ø SERVICE AS: årsregnskap 2018 vs 2017
Grew 159% on revenue, stronger earnings
approved 2019-02-21; registry 2019-03-28; journal 2019 257197
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 2Ø SERVICE AS. Revenue 58.6k NOK → 151.5k NOK (+158.5%). Net result +904 NOK → +15.3k NOK. Equity 60.5k NOK → 75.8k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 58.6k NOK to 151.5k NOK (+158.5% YoY). Calculated
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↑
Net result improved
Net result +904 NOK → +15.3k NOK (net margin 1.5% → 10.1%). Calculated
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↑
Equity strengthened
Book equity 60.5k NOK → 75.8k NOK (equity ratio 38.7% → 27.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 79.6k NOK → 74.7k NOK (-6.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.17× → 0.39× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated