A B ARCTIC AS: årsregnskap 2018 vs 2017
Shrank 74% on revenue
approved 2019-06-20; registry 2019-08-07; journal 2019 893072
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A B ARCTIC AS. Revenue 649.5k NOK → 171.6k NOK (-73.6%). Equity -1.11m NOK → -1.84m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A B ARCTIC AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 93.0k NOK → 100.8k NOK (+8.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 649.5k NOK to 171.6k NOK (-73.6% YoY). Calculated
-
↓
Equity eroded
Book equity -1.11m NOK → -1.84m NOK (equity ratio -308.7% → -608.1%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 NOK → 1.15m NOK (0% → 673% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 3 020 NOK → 83.4k NOK (+2662.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -608.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation