3D-MODELLERING AS: årsregnskap 2019 vs 2018
Grew 134% on revenue, slipped into loss
approved 2020-05-14; registry 2020-05-18; journal 2020 370163
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3D-MODELLERING AS. Revenue 63.6k NOK → 148.9k NOK (+134.2%). Net result +19.7k NOK → -39.1k NOK. Equity 11.11m NOK → 12 NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3D-MODELLERING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 63.6k NOK to 148.9k NOK (+134.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio -19.84× → 2.42×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +25.5k NOK → -39.1k NOK (op. margin 40.1% → -26.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 19.7k NOK profit to a loss of 39.1k NOK. Calculated
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↓
Equity eroded
Book equity 11.11m NOK → 12 NOK (equity ratio 11060.9% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 100.4k NOK → 95.1k NOK (-5.3% YoY). 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