59'NORD OMSORG OG SERVICE AS: årsregnskap 2018 vs 2017
Shrank 35% on revenue, stronger earnings, cash halved-plus
approved 2019-05-31; registry 2019-06-19; journal 2019 470339
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 59'NORD OMSORG OG SERVICE AS. Revenue 940.8k NOK → 607.2k NOK (-35.5%). Net result -46.6k NOK → -28.9k NOK. Equity -22.2k NOK → -51.1k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 59'NORD OMSORG OG SERVICE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -43.5k NOK → -25.2k NOK (op. margin -4.6% → -4.2%). Calculated
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Net result improved
Net result -46.6k NOK → -28.9k NOK (net margin -5.0% → -4.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 940.8k NOK to 607.2k NOK (-35.5% YoY). Calculated
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Equity eroded
Book equity -22.2k NOK → -51.1k NOK (equity ratio -13.0% → -102.6%). Calculated
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Cash fell
Bank deposits 124.9k NOK → 8 907 NOK (-92.9% YoY). Calculated
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Payroll up without matching revenue
Salary cost 3 748 NOK → 3.35m NOK (0% → 551% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 60.3k NOK → 123.6k NOK (+104.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -102.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation