NOFENCE AS: årsregnskap 2018 vs 2017
Grew 2528% on revenue, weaker earnings, fresh owner capital
approved 2019-05-16; registry 2019-07-15; journal 2019 712644
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for NOFENCE AS. Revenue 210.1k NOK → 5.52m NOK (+2527.7%). Net result -1.00m NOK → -6.92m NOK. Equity 1.53m NOK → 1.70m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for NOFENCE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 210.1k NOK to 5.52m NOK (+2527.7% YoY). Calculated
-
↑
Equity strengthened
Book equity 1.53m NOK → 1.70m NOK (equity ratio 16.7% → 9.2%). Calculated
-
↑
Cash rose
Bank deposits 112.2k NOK → 246.6k NOK (+119.8% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 4.33m NOK → 11.42m NOK (+7.09m NOK). Reported fact
What deteriorated
-
↓
Net result weakened
Net result -1.00m NOK → -6.92m NOK (net margin -476.2% → -125.4%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 9.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 480.7k NOK → 1.97m NOK (229% → 36% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 317.4k NOK → 325.2k NOK (+2.5% YoY). Calculated