7 STAR EIENDOM AS: årsregnskap 2018 vs 2017
Grew 324% on revenue, stronger earnings, fresh owner capital
approved 2019-05-08; registry 2019-05-29; journal 2019 366246
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 7 STAR EIENDOM AS. Revenue 120.0k NOK → 509.0k NOK (+324.2%). Net result +74.9k NOK → +532.6k NOK. Equity 5.17m NOK → 811.9k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 7 STAR EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 120.0k NOK to 509.0k NOK (+324.2% YoY). Calculated
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Net result improved
Net result +74.9k NOK → +532.6k NOK (net margin 62.4% → 104.6%). Calculated
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Cash rose
Bank deposits 2 099 NOK → 49.6k NOK (+2261.9% YoY). Calculated
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Owners injected capital
Paid-in equity rose 92.4k NOK → 204.4k NOK (+112.0k NOK). Reported fact
What deteriorated
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Operating result weakened
Operating result +119.0k NOK → +407 NOK (op. margin 99.2% → 0.1%). Calculated
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Equity eroded
Book equity 5.17m NOK → 811.9k NOK (equity ratio 40.7% → 7.4%). Calculated
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Current ratio dropped below 1×
Current ratio 167.43× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation