3V3 NORGE AS: årsregnskap 2018 vs 2017
Shrank 35% on revenue, cash halved-plus
approved 2019-05-02; registry 2019-08-01; journal 2019 844598
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 3V3 NORGE AS. Revenue 8.04m NOK → 5.24m NOK (-34.8%). Equity 454.8k NOK → -647.4k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for 3V3 NORGE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.04m NOK to 5.24m NOK (-34.8% YoY). Calculated
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↓
Operating result weakened
Operating result +2.05m NOK → -1.05m NOK (op. margin 25.5% → -20.0%). Calculated
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↓
Equity eroded
Book equity 454.8k NOK → -647.4k NOK (equity ratio 18.2% → -27.6%). Calculated
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↓
Cash fell
Bank deposits 1.55m NOK → 322.0k NOK (-79.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -27.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.55m NOK → 322.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 5.47m NOK → 4.21m NOK (-23.0% YoY). Calculated