7DESIGN AS: årsregnskap 2019 vs 2018
Grew 52% on revenue
approved 2020-04-16; registry 2020-04-25; journal 2020 310074
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 7DESIGN AS. Revenue 473.6k NOK → 721.7k NOK (+52.4%). Net result -241.4k NOK → -249.9k NOK. Equity -328.4k NOK → -578.3k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 7DESIGN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 473.6k NOK to 721.7k NOK (+52.4% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -328.4k NOK → -578.3k NOK (equity ratio -263.8% → -745.1%). Calculated
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↓
Cash fell
Bank deposits 96.4k NOK → 48.9k NOK (-49.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -745.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.35m NOK → 2.40m NOK (496% → 333% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 184.9k NOK → 390.5k NOK (+111.2% YoY). Calculated