Org.nr 918 824 545 2018 → 2019 Year-over-year analysis

78 N GRUPPEN AS: årsregnskap 2019 vs 2018

Stronger earnings

approved 2020-03-19; registry 2020-04-18; journal 2020 294133

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 78 N GRUPPEN AS. Net result -348.4k NOK → -155.7k NOK. Equity -279.8k NOK → -435.5k NOK.

On the constructive side: net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 78 N GRUPPEN AS.

At a glance

Operating result

n/m -3 531 NOK

—

Net result

-348.4k NOK -155.7k NOK

+55.3%

Equity

-279.8k NOK -435.5k NOK

-55.6%

Cash

90.2k NOK 87.2k NOK

-3.2%

Total assets

760.2k NOK 604.5k NOK

-20.5%

↓
Equity eroded

Book equity -279.8k NOK → -435.5k NOK (equity ratio -36.8% → -72.0%). Calculated
↓
Cash fell

Bank deposits 90.2k NOK → 87.2k NOK (-3.2% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 19.00× → 0.58× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Thin equity buffer

Equity ratio is -72.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation