Org.nr 918 745 416 2017 → 2018 Year-over-year analysis

3GULV AS: årsregnskap 2018 vs 2017

Cash halved-plus

approved 2019-05-03; registry 2019-06-11; journal 2019 398238

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 3GULV AS. Revenue 2.04m NOK → 1.98m NOK (-2.9%). Equity 286.0k NOK → -375.9k NOK.

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 3GULV AS.

At a glance

Revenue

2.04m NOK 1.98m NOK

-2.9%

Equity

286.0k NOK -375.9k NOK

-231.5%

Cash

161.6k NOK 4 396 NOK

-97.3%

Total assets

601.6k NOK 32.9k NOK

-94.5%

↓
Revenue fell

Operating income / revenue moved from 2.04m NOK to 1.98m NOK (-2.9% YoY). Calculated
↓
Equity eroded

Book equity 286.0k NOK → -375.9k NOK (equity ratio 47.5% → -1144.1%). Calculated
↓
Cash fell

Bank deposits 161.6k NOK → 4 396 NOK (-97.3% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 1 901 NOK → 1.83m NOK (0% → 93% of revenue). Calculated

·
Thin equity buffer

Equity ratio is -1144.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 509.9k NOK → 317.5k NOK (-37.7% YoY). Calculated