2RE HOLDING AS: årsregnskap 2018 vs 2017
Shrank 55% on revenue, cash halved-plus
approved 2019-05-31; registry 2019-06-20; journal 2019 480931
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 2RE HOLDING AS. Revenue 710.2k NOK → 320.0k NOK (-54.9%). Net result +4 519 NOK → +2 218 NOK. Equity 50.0k NOK → 37.8k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 2RE HOLDING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 710.2k NOK to 320.0k NOK (-54.9% YoY). Calculated
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↓
Operating result weakened
Operating result +684.2k NOK → -12.0k NOK (op. margin 96.3% → -3.8%). Calculated
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↓
Net result weakened
Net result +4 519 NOK → +2 218 NOK (net margin 0.6% → 0.7%). Calculated
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↓
Equity eroded
Book equity 50.0k NOK → 37.8k NOK (equity ratio 5.4% → 20.9%). Calculated
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↓
Cash fell
Bank deposits 917.8k NOK → 169.4k NOK (-81.5% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 5 000 NOK → 11.5k NOK. Reported fact