3D VERIFIER AS: årsregnskap 2019 vs 2018
Shrank 55% on revenue, cash halved-plus
approved 2020-05-28; registry 2020-06-25; journal 2020 489749
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3D VERIFIER AS. Revenue 3.62m NOK → 1.62m NOK (-55.3%). Equity 13.42m NOK → 11 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3D VERIFIER AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 14.63m NOK → 1 NOK (404% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.62m NOK to 1.62m NOK (-55.3% YoY). Calculated
-
↓
Equity eroded
Book equity 13.42m NOK → 11 NOK (equity ratio 1894.3% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 260.6k NOK → 22.7k NOK (-91.3% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.42× → 0.28× — 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
-
·
COGS fell
COGS / varekostnad 538.1k NOK → 37.4k NOK (-93.1% YoY). Calculated