TECHSTEP ASA: årsregnskap 2018 vs 2017
Grew 1217649% on revenue
approved 2019-03-27; registry 2019-05-11; journal 2019 317284
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for TECHSTEP ASA. Revenue 862 NOK → 10.50m NOK (+1217649.4%). Equity 511.4k NOK → 572.0k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for TECHSTEP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 862 NOK to 10.50m NOK (+1217649.4% YoY). Calculated
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↑
Operating result improved
Operating result -46.78m NOK → +22.36m NOK (op. margin -5427378.2% → 213.0%). Calculated
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↑
Equity strengthened
Book equity 511.4k NOK → 572.0k NOK (equity ratio 85.4% → 87.2%). Calculated
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↑
Cash rose
Bank deposits 1.11m NOK → 7.98m NOK (+615.5% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 511.4k NOK → 572.0k NOK (+60.6k NOK). Reported fact
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.18× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 17.21m NOK → 21.04m NOK (1997100% → 200% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 559.7k NOK → 769.7k NOK (+37.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 485.9k NOK → 507.6k NOK. Reported fact