2S BYGG AS: årsregnskap 2018 vs 2017
Shrank 37% on revenue, cash halved-plus
approved 2019-06-01; registry 2019-11-07; journal 2019 942921
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 2S BYGG AS. Revenue 2.26m NOK → 1.42m NOK (-37.0%). Equity -155.3k NOK → -553.0k NOK.
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 2S BYGG AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.26m NOK to 1.42m NOK (-37.0% YoY). Calculated
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↓
Equity eroded
Book equity -155.3k NOK → -553.0k NOK (equity ratio -18.7% → -59.7%). Calculated
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↓
Cash fell
Bank deposits 425.4k NOK → 2 692 NOK (-99.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 176.3k NOK → 1.29m NOK (8% → 91% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -59.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 808.4k NOK → 235.7k NOK (-70.8% YoY). Calculated