7NULL4 AS: årsregnskap 2018 vs 2017
Grew 22495% on revenue, stronger earnings, cash halved-plus
approved 2019-06-23; registry 2019-07-11; journal 2019 695950
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 7NULL4 AS. Revenue 7 007 NOK → 1.58m NOK (+22494.9%). Net result -958.2k NOK → -247.6k NOK. Equity -598.5k NOK → -846.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 7NULL4 AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7 007 NOK to 1.58m NOK (+22494.9% YoY). Calculated
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↑
Operating result improved
Operating result -1.19m NOK → -222.0k NOK (op. margin -16929.5% → -14.0%). Calculated
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↑
Net result improved
Net result -958.2k NOK → -247.6k NOK (net margin -13674.8% → -15.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -598.5k NOK → -846.0k NOK (equity ratio -23.6% → -35.2%). Calculated
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↓
Cash fell
Bank deposits 314.5k NOK → 50.8k NOK (-83.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 13.61× → 0.97× — 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 -35.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 403 NOK → 609.3k NOK (20% → 38% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 857.8k NOK → 486.4k NOK (-43.3% YoY). Calculated