88 INVEST AS: årsregnskap 2019 vs 2018
Grew 62% on revenue
approved 2020-05-27; registry 2020-06-20; journal 2020 459347
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 88 INVEST AS. Revenue 1.07m NOK → 1.73m NOK (+62.4%). Equity 8.30m NOK → 218.0k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 88 INVEST AS.
At a glance
Scorecard
Revenue
1.07m NOK
1.73m NOK
+62.4%
Operating result
n/m
+959.6k NOK
—
Net result
n/m
+418.6k NOK
—
Equity
8.30m NOK
218.0k NOK
-97.4%
Cash
25.3k NOK
1.50m NOK
+5841.8%
Total assets
10.74m NOK
9.74m NOK
-9.3%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.07m NOK to 1.73m NOK (+62.4% YoY). Calculated
-
↑
Cash rose
Bank deposits 25.3k NOK → 1.50m NOK (+5841.8% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 8.30m NOK → 218.0k NOK (equity ratio 77.3% → 2.2%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation