3GULV SPESIALISTEN AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2020-03-28; registry 2020-12-07; journal 2020 973848
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3GULV SPESIALISTEN AS. Revenue 356.5k NOK → 1 029 NOK (-99.7%). Net result +70.6k NOK → -85.9k NOK. Equity -70.7k NOK → -80.3k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3GULV SPESIALISTEN AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 356.5k NOK to 1 029 NOK (-99.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +72.4k NOK → -68.5k NOK (op. margin 20.3% → -6656.9%). Calculated
-
↓
Fell into a net loss
Net result flipped from 70.6k NOK profit to a loss of 85.9k NOK. Calculated
-
↓
Equity eroded
Book equity -70.7k NOK → -80.3k NOK (equity ratio -18.8% → -31.9%). Calculated
-
↓
Cash fell
Bank deposits 93.4k NOK → 42.5k NOK (-54.5% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -31.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation