WRK4ME AS: årsregnskap 2018 vs 2017
Grew 6473% on revenue, stronger earnings
approved 2019-05-29; registry 2019-06-18; journal 2019 453153
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for WRK4ME AS. Revenue 501 NOK → 32.9k NOK (+6473.5%). Net result -96.2k NOK → -54.0k NOK. Equity -90.6k NOK → -144.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for WRK4ME AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 501 NOK to 32.9k NOK (+6473.5% YoY). Calculated
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Operating result improved
Operating result -85.5k NOK → -43.2k NOK (op. margin -17070.7% → -131.3%). Calculated
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Net result improved
Net result -96.2k NOK → -54.0k NOK (net margin -19210.8% → -164.0%). Calculated
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Payroll decreased
Salary cost 86.0k NOK → 76.2k NOK (17171% → 231% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -90.6k NOK → -144.6k NOK (equity ratio -13.2% → -22.3%). Calculated
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Cash fell
Bank deposits 156.4k NOK → 87.0k NOK (-44.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -22.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation