ACCESS EVENT AS: årsregnskap 2018 vs 2017
Grew 3767533% on revenue, cash halved-plus
approved 2019-07-31; registry 2019-08-24; journal 2019 928384
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACCESS EVENT AS. Revenue 1 788 NOK → 67.37m NOK (+3767533.1%). Equity 1.27m NOK → 945.3k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for ACCESS EVENT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1 788 NOK to 67.37m NOK (+3767533.1% YoY). Calculated
-
↑
Payroll decreased
Salary cost 6 190 NOK → 1 170 NOK (346% → 0% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +111.6k NOK → -377.8k NOK (op. margin 6243.3% → -0.6%). Calculated
-
↓
Equity eroded
Book equity 1.27m NOK → 945.3k NOK (equity ratio 2.1% → 65.6%). Calculated
-
↓
Cash fell
Bank deposits 13.94m NOK → 326.5k NOK (-97.7% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (13.94m NOK → 326.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS moved
COGS / varekostnad 62.7k NOK → 66.96m NOK (+106684.6% YoY). Calculated