365 IDEER AS: årsregnskap 2018 vs 2017
Shrank 12% on revenue, returned to profit
approved 2019-04-13; registry 2019-05-08; journal 2019 315192
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 365 IDEER AS. Revenue 983.1k NOK → 860.9k NOK (-12.4%). Net result -198.6k NOK → +94.9k NOK. Equity -49.2k NOK → 45.7k NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 365 IDEER AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 198.6k NOK to a profit of 94.9k NOK. Calculated
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↑
Equity strengthened
Book equity -49.2k NOK → 45.7k NOK (equity ratio -24.1% → 19.3%). Calculated
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↑
Cash rose
Bank deposits 102.4k NOK → 171.8k NOK (+67.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 983.1k NOK to 860.9k NOK (-12.4% YoY). Calculated
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↓
Operating result weakened
Operating result +197.1k NOK → +95.6k NOK (op. margin 20.1% → 11.1%). Calculated
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↓
Payroll up without matching revenue
Salary cost 195.9k NOK → 227.2k NOK (20% → 26% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 686.2k NOK → 320.8k NOK (-53.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1 807 NOK → 53.8k NOK. Reported fact