1896 INVEST AS: årsregnskap 2018 vs 2017
Slipped into loss
approved 2019-02-10; registry 2019-02-27; journal 2019 217322
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 1896 INVEST AS. Net result +643.9k NOK → -575.6k NOK. Equity 864.1k NOK → 288.5k NOK.
Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1896 INVEST AS.
At a glance
Scorecard
Net result
+643.9k NOK
-575.6k NOK
-189.4%
Equity
864.1k NOK
288.5k NOK
-66.6%
Cash
909.8k NOK
879.9k NOK
-3.3%
Total assets
4.03m NOK
3.48m NOK
-13.7%
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 643.9k NOK profit to a loss of 575.6k NOK. Calculated
-
↓
Equity eroded
Book equity 864.1k NOK → 288.5k NOK (equity ratio 21.4% → 8.3%). Calculated
-
↓
Cash fell
Bank deposits 909.8k NOK → 879.9k NOK (-3.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation