12C INVEST AS: årsregnskap 2018 vs 2017
Cash halved-plus
approved 2019-05-31; registry 2019-06-19; journal 2019 469155
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 12C INVEST AS. Equity 95.7k NOK → -43.1k NOK.
Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 12C INVEST AS.
At a glance
Scorecard
Revenue
n/m
176.0k NOK
—
Equity
95.7k NOK
-43.1k NOK
-145.0%
Cash
104.6k NOK
22.4k NOK
-78.6%
Total assets
10.44m NOK
8.95m NOK
-14.3%
What deteriorated
-
↓
Equity eroded
Book equity 95.7k NOK → -43.1k NOK (equity ratio 0.9% → -0.5%). Calculated
-
↓
Cash fell
Bank deposits 104.6k NOK → 22.4k NOK (-78.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 44.57× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation