DIGGIT AS: årsregnskap 2018 vs 2017
Shrank 45% on revenue
approved 2019-06-21; registry 2019-08-01; journal 2019 885170
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for DIGGIT AS. Revenue 667.1k NOK → 369.3k NOK (-44.6%). Equity 30.0k NOK → -135.0k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for DIGGIT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 667.1k NOK to 369.3k NOK (-44.6% YoY). Calculated
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Equity eroded
Book equity 30.0k NOK → -135.0k NOK (equity ratio 5.7% → -43.3%). Calculated
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Cash fell
Bank deposits 524.0k NOK → 312.1k NOK (-40.5% YoY). Calculated
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Payroll up without matching revenue
Salary cost 1 599 NOK → 310.8k NOK (0% → 84% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -43.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation