3DCLIMB AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue, cash halved-plus
approved 2019-07-23; registry 2019-07-29; journal 2019 843754
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 3DCLIMB AS. Revenue 810.3k NOK → 570 NOK (-99.9%). Equity 408.6k NOK → 13 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3DCLIMB AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 197.1k NOK → 4 NOK (24% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 810.3k NOK to 570 NOK (-99.9% YoY). Calculated
-
↓
Equity eroded
Book equity 408.6k NOK → 13 NOK (equity ratio 73.1% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 591.0k NOK → 127.8k NOK (-78.4% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 3.72× → 0.17× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
COGS moved
COGS / varekostnad 99.5k NOK → 356.4k NOK (+258.0% 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