5 ZENZES AS: årsregnskap 2018 vs 2017
Shrank 58% on revenue
approved 2019-06-30; registry 2019-07-17; journal 2019 740922
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 5 ZENZES AS. Revenue 533.7k NOK → 222.8k NOK (-58.3%). Equity -44.4k NOK → -339.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 5 ZENZES AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 6 145 NOK → 3 NOK (1% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 533.7k NOK to 222.8k NOK (-58.3% YoY). Calculated
-
↓
Equity eroded
Book equity -44.4k NOK → -339.5k NOK (equity ratio -9.3% → -134.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -134.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 175.4k NOK → 112.5k NOK (-35.9% YoY). Calculated