7KIDS-INVEST AS: årsregnskap 2019 vs 2018
Weaker earnings, cash halved-plus
approved 2020-02-28; registry 2020-03-09; journal 2020 235125
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 7KIDS-INVEST AS. Net result -12 NOK → -14.7k NOK. Equity 474.6k NOK → 459.9k NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for 7KIDS-INVEST AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -5 597 NOK → -14.9k NOK. Calculated
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↓
Net result weakened
Net result -12 NOK → -14.7k NOK. Calculated
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↓
Equity eroded
Book equity 474.6k NOK → 459.9k NOK (equity ratio 102.4% → 18.8%). Calculated
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↓
Cash fell
Bank deposits 1.87m NOK → 102.0k NOK (-94.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 872.45× → 0.05× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.87m NOK → 102.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation