377 SPORT AS: årsregnskap 2018 vs 2017
Grew 30% on revenue
approved 2019-04-29; registry 2019-05-11; journal 2019 322893
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 377 SPORT AS. Revenue 10.00m NOK → 12.95m NOK (+29.5%). Equity 11.26m NOK → 10 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 377 SPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.00m NOK to 12.95m NOK (+29.5% YoY). Calculated
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↑
Cash rose
Bank deposits 629.5k NOK → 1.84m NOK (+191.7% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 11.26m NOK → 10 NOK (equity ratio 400.1% → 0.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.14× → 0.41× — 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 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 8.03m NOK → 9.71m NOK (+20.9% YoY). Calculated