3T SENIOR NORGE AS: årsregnskap 2018 vs 2017
Grew 89793% on revenue, stronger earnings
approved 2019-02-28; registry 2019-05-29; journal 2019 367698
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 3T SENIOR NORGE AS. Revenue 1 176 NOK → 1.06m NOK (+89792.5%). Net result +4 607 NOK → +61.2k NOK. Equity -850.5k NOK → -911.6k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 3T SENIOR NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1 176 NOK to 1.06m NOK (+89792.5% YoY). Calculated
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↑
Net result improved
Net result +4 607 NOK → +61.2k NOK (net margin 391.8% → 5.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +30.3k NOK → +63 NOK (op. margin 2579.3% → 0.0%). Calculated
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↓
Equity eroded
Book equity -850.5k NOK → -911.6k NOK (equity ratio -117.8% → -151.2%). Calculated
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↓
Cash fell
Bank deposits 488.4k NOK → 455.9k NOK (-6.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -151.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 277.7k NOK → 323.0k NOK (23617% → 31% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 328.9k NOK → 309.2k NOK (-6.0% YoY). Calculated