2S BYGG AS: årsregnskap 2019 vs 2018
Grew 80% on revenue
approved 2020-09-15; registry 2020-10-03; journal 2020 901961
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2S BYGG AS. Revenue 1.42m NOK → 2.56m NOK (+79.6%). Equity -553.0k NOK → -734.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 2S BYGG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.42m NOK to 2.56m NOK (+79.6% YoY). Calculated
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↑
Cash rose
Bank deposits 2 692 NOK → 9 873 NOK (+266.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -553.0k NOK → -734.7k NOK (equity ratio -59.7% → -79.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.33× → 0.24× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -79.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1.29m NOK → 1.53m NOK (91% → 60% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 235.7k NOK → 487.8k NOK (+106.9% YoY). Calculated