3TEKK AS: årsregnskap 2018 vs 2017
Shrank 64% on revenue, returned to profit, cash halved-plus
approved 2019-05-18; registry 2019-06-18; journal 2019 459425
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 3TEKK AS. Revenue 968.6k NOK → 353.4k NOK (-63.5%). Net result -16.8k NOK → +196.6k NOK. Equity -4 000 NOK → -200.6k NOK.
On the constructive side: turned profitable. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3TEKK AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 16.8k NOK to a profit of 196.6k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 968.6k NOK to 353.4k NOK (-63.5% YoY). Calculated
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↓
Equity eroded
Book equity -4 000 NOK → -200.6k NOK (equity ratio -3.0% → -177.6%). Calculated
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↓
Cash fell
Bank deposits 38.4k NOK → 1 448 NOK (-96.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 316 NOK → 692.4k NOK (0% → 196% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 584.4k NOK → 770.2k NOK (+31.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -177.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation