TAVARE AS: årsregnskap 2018 vs 2017
Shrank 41% on revenue, weaker earnings, cash halved-plus
approved 2019-06-22; registry 2019-07-23; journal 2019 768553
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for TAVARE AS. Revenue 312.1k NOK → 182.7k NOK (-41.5%). Net result +66.3k NOK → +31.4k NOK. Equity 49.1k NOK → -10.3k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for TAVARE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 120.9k NOK → 75.2k NOK (39% → 41% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 312.1k NOK to 182.7k NOK (-41.5% YoY). Calculated
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↓
Net result weakened
Net result +66.3k NOK → +31.4k NOK (net margin 21.2% → 17.2%). Calculated
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↓
Equity eroded
Book equity 49.1k NOK → -10.3k NOK (equity ratio 58.1% → -84.9%). Calculated
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↓
Cash fell
Bank deposits 54.1k NOK → 7 251 NOK (-86.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.39× → 0.54× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -84.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation