9 & THE BALD AS: årsregnskap 2016 vs 2015
Cash halved-plus
approved 2017-04-26; registry 2017-06-07; journal 2017 389442
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 9 & THE BALD AS. Equity 292.3k NOK → 82.6k NOK.
Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for 9 & THE BALD AS.
At a glance
Scorecard
What deteriorated
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↓
Equity eroded
Book equity 292.3k NOK → 82.6k NOK (equity ratio 17.7% → 4.5%). Calculated
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↓
Cash fell
Bank deposits 939.5k NOK → 88.3k NOK (-90.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 122.9k NOK → 61.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 41.0k NOK → 20.5k NOK. Reported fact