5B PROSJEKT AS: årsregnskap 2018 vs 2017
Grew 7% on revenue, weaker earnings
approved 2019-06-28; registry 2019-07-22; journal 2019 756399
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 5B PROSJEKT AS. Revenue 2.61m NOK → 2.81m NOK (+7.5%). Net result -5 366 NOK → -249.2k NOK. Equity -560.4k NOK → -809.6k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 5B PROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.61m NOK to 2.81m NOK (+7.5% YoY). Calculated
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↑
Cash rose
Bank deposits 3 227 NOK → 58.9k NOK (+1725.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +111.3k NOK → -36.5k NOK (op. margin 4.3% → -1.3%). Calculated
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↓
Net result weakened
Net result -5 366 NOK → -249.2k NOK (net margin -0.2% → -8.9%). Calculated
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↓
Equity eroded
Book equity -560.4k NOK → -809.6k NOK (equity ratio -23.8% → -34.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -34.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.61m NOK → 1.70m NOK (61% → 61% of revenue). Calculated
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COGS fell
COGS / varekostnad 107.4k NOK → 95.4k NOK (-11.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 930 NOK → -106.0k NOK. Reported fact