Org.nr 989 106 651 2016 → 2017 Year-over-year analysis

2TEX AS: årsregnskap 2017 vs 2016

Stronger earnings, cash halved-plus

approved 2018-05-07; registry 2018-07-16; journal 2018 688492

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 2TEX AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +1 716 NOK → +3.35m NOK. Equity 7.32m NOK → 6.67m NOK.

On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 2TEX AS.

At a glance

Revenue

0 NOK 0 NOK

0.0%

Operating result

-105.5k NOK -95.6k NOK

+9.3%

Net result

+1 716 NOK +3.35m NOK

+195274.4%

Equity

7.32m NOK 6.67m NOK

-8.8%

Cash

786.0k NOK 208.5k NOK

-73.5%

Total assets

13.55m NOK 8.44m NOK

-37.7%

↑
Operating result improved

Operating result -105.5k NOK → -95.6k NOK. Calculated
↑
Net result improved

Net result +1 716 NOK → +3.35m NOK. Calculated

↓
Equity eroded

Book equity 7.32m NOK → 6.67m NOK (equity ratio 54.0% → 79.0%). Calculated
↓
Cash fell

Bank deposits 786.0k NOK → 208.5k NOK (-73.5% YoY). Calculated

·
Book investments changed

Investment / intangible book value 10.01m NOK → 5.03m NOK. Reported fact