ACCOUNTFLOW AS: årsregnskap 2018 vs 2017
Shrank 93% on revenue, stronger earnings
approved 2019-06-04; registry 2019-06-20; journal 2019 484991
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACCOUNTFLOW AS. Revenue 108.7k NOK → 7 200 NOK (-93.4%). Net result +7 316 NOK → +771.6k NOK. Equity 400.6k NOK → 1 172 NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ACCOUNTFLOW AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +7 316 NOK → +771.6k NOK (net margin 6.7% → 10716.8%). Calculated
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Cash rose
Bank deposits 165.2k NOK → 663.2k NOK (+301.5% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 108.7k NOK to 7 200 NOK (-93.4% YoY). Calculated
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↓
Equity eroded
Book equity 400.6k NOK → 1 172 NOK (equity ratio 90.1% → 0.2%). Calculated
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Payroll up without matching revenue
Salary cost 10.2k NOK → 2.11m NOK (9% → 29306% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 400.6k NOK → 393.4k NOK — check capital reduction, conversion, or reclassification. Interpretation