AIR SPONGE NORGE AS: årsregnskap 2018 vs 2017
Grew 64% on revenue
approved 2019-06-15; registry 2019-06-25; journal 2019 526240
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIR SPONGE NORGE AS. Revenue 3.03m NOK → 4.98m NOK (+64.1%). Equity 108.1k NOK → 70.1k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AIR SPONGE NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.03m NOK to 4.98m NOK (+64.1% YoY). Calculated
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↑
Cash rose
Bank deposits 50 NOK → 350.7k NOK (+701352.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 108.1k NOK → 70.1k NOK (equity ratio 11.2% → 7.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 1.31m NOK → 2.92m NOK (+122.2% YoY). Calculated