58N EIENDOM AS: årsregnskap 2019 vs 2018
Grew 76663% on revenue, slipped into loss, cash halved-plus
approved 2020-04-24; registry 2020-05-12; journal 2020 345250
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 58N EIENDOM AS. Revenue 482 NOK → 370.0k NOK (+76663.5%). Net result +4.12m NOK → -2.09m NOK. Equity 23.81m NOK → 21.22m NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 58N EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 482 NOK to 370.0k NOK (+76663.5% YoY). Calculated
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Operating result improved
Operating result -173.2k NOK → -91.7k NOK (op. margin -35928.4% → -24.8%). Calculated
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Current ratio back above 1×
Current ratio 0.78× → 3.41×. Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 4.12m NOK profit to a loss of 2.09m NOK. Calculated
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↓
Equity eroded
Book equity 23.81m NOK → 21.22m NOK (equity ratio 83.7% → 99.4%). Calculated
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Cash fell
Bank deposits 3.46m NOK → 132.9k NOK (-96.2% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.46m NOK → 132.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 24.39m NOK → 20.39m NOK. Reported fact