3B AUTO AS: årsregnskap 2018 vs 2017
Shrank 71% on revenue
approved 2019-06-07; registry 2019-06-25; journal 2019 521288
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 3B AUTO AS. Revenue 992.9k NOK → 290.1k NOK (-70.8%). Equity -31.1k NOK → -208.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3B AUTO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 1 300 NOK → 24.4k NOK (+1779.7% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 992.9k NOK to 290.1k NOK (-70.8% YoY). Calculated
-
↓
Equity eroded
Book equity -31.1k NOK → -208.8k NOK (equity ratio -2.9% → -6.2%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 36.6k NOK → 1.59m NOK (4% → 547% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 953.7k NOK → 361.2k NOK (-62.1% YoY). Calculated