3B-FIBREGLASS NORWAY AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue
approved 2019-02-26; registry 2019-06-24; journal 2019 513302
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 3B-FIBREGLASS NORWAY AS. Revenue 453.26m NOK → 510.0k NOK (-99.9%). Equity 13.23m NOK → 13.24m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3B-FIBREGLASS NORWAY AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 13.23m NOK → 13.24m NOK (equity ratio 2918.6% → 3.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 453.26m NOK to 510.0k NOK (-99.9% YoY). Calculated
-
↓
Cash fell
Bank deposits 8.06m NOK → 7.69m NOK (-4.6% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 3.13m NOK → 3.16m NOK (1% → 619% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 113.4k NOK → 141.6k NOK (+24.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation