64GRADERNORD AS: årsregnskap 2018 vs 2017
Grew 142154% on revenue, weaker earnings
approved 2019-05-28; registry 2019-06-19; journal 2019 477165
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 64GRADERNORD AS. Revenue 7 729 NOK → 10.99m NOK (+142153.6%). Net result +654.3k NOK → +290.1k NOK. Equity 871.5k NOK → 1 115 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 moved. All figures are taken from the published annual accounts for 64GRADERNORD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7 729 NOK to 10.99m NOK (+142153.6% YoY). Calculated
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↑
Cash rose
Bank deposits 1 450 NOK → 1.81m NOK (+124483.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +882.5k NOK → +402.6k NOK (op. margin 11418.2% → 3.7%). Calculated
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↓
Net result weakened
Net result +654.3k NOK → +290.1k NOK (net margin 8465.9% → 2.6%). Calculated
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↓
Equity eroded
Book equity 871.5k NOK → 1 115 NOK (equity ratio 28.6% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2 915 NOK → 4.96m NOK (38% → 45% of revenue). Calculated
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COGS moved
COGS / varekostnad 2 652 NOK → 3.76m NOK (+141866.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 87.6k NOK → 67.8k NOK. Reported fact