2TEC AS: årsregnskap 2018 vs 2017
Shrank 77% on revenue
approved 2019-05-23; registry 2019-06-18; journal 2019 451185
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 2TEC AS. Revenue 1.71m NOK → 387.7k NOK (-77.3%). Equity 30.0k NOK → 30.0k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2TEC AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 119.5k NOK → 210.4k NOK (+76.0% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.71m NOK to 387.7k NOK (-77.3% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 8 NOK → 65.2k NOK (0% → 17% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation