A NEW TYPE OF INVESTMENT AS: årsregnskap 2018 vs 2017
Stronger earnings
approved 2019-06-28; registry 2019-07-15; journal 2019 707108
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A NEW TYPE OF INVESTMENT AS. Revenue 4.72m NOK → 4.51m NOK (-4.5%). Net result +410.9k NOK → +1.77m NOK. Equity 869.5k NOK → 446.5k NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A NEW TYPE OF INVESTMENT AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +410.9k NOK → +1.77m NOK (net margin 8.7% → 39.3%). Calculated
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Cash rose
Bank deposits 72.0k NOK → 13.82m NOK (+19078.8% YoY). Calculated
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Payroll decreased
Salary cost 4.24m NOK → 3.24m NOK (90% → 72% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.72m NOK to 4.51m NOK (-4.5% YoY). Calculated
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Equity eroded
Book equity 869.5k NOK → 446.5k NOK (equity ratio 10.4% → 7.4%). Calculated
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COGS moved
COGS / varekostnad 49.4k NOK → 29.95m NOK (+60510.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 1.81m NOK → 10.25m NOK. Reported fact