7DESIGN AS: årsregnskap 2018 vs 2017
Shrank 52% on revenue, slipped into loss
approved 2019-03-15; registry 2019-06-12; journal 2019 408920
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 7DESIGN AS. Revenue 991.4k NOK → 473.6k NOK (-52.2%). Net result +37.4k NOK → -241.4k NOK. Equity -86.9k NOK → -328.4k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 7DESIGN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 68.7k NOK → 96.4k NOK (+40.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 991.4k NOK to 473.6k NOK (-52.2% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 37.4k NOK profit to a loss of 241.4k NOK. Calculated
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↓
Equity eroded
Book equity -86.9k NOK → -328.4k NOK (equity ratio -26.8% → -263.8%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.33m NOK → 2.35m NOK (235% → 496% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -263.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 462.3k NOK → 184.9k NOK (-60.0% YoY). Calculated