3D CONSTRUCTION AS: årsregnskap 2017 vs 2016
Weaker earnings, cash halved-plus
approved 2018-06-16; registry 2018-06-20; journal 2018 517129
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 3D CONSTRUCTION AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -56.9k NOK → -548.9k NOK. Equity -32.5k NOK → -581.4k NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3D CONSTRUCTION AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -76.6k NOK → -354.4k NOK. Calculated
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↓
Net result weakened
Net result -56.9k NOK → -548.9k NOK. Calculated
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↓
Equity eroded
Book equity -32.5k NOK → -581.4k NOK (equity ratio -1.2% → -2.9%). Calculated
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↓
Cash fell
Bank deposits 880.0k NOK → 50.9k NOK (-94.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 480.36× → 0.01× — 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 -2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation