A. LANGSETH HOLDING AS: årsregnskap 2017 vs 2016
Returned to profit, cash halved-plus
approved 2018-05-23; registry 2018-06-04; journal 2018 398585
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A. LANGSETH HOLDING AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -12.5k NOK → +24.1k NOK. Equity 4 891 NOK → -19.2k NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A. LANGSETH HOLDING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -12.5k NOK → +23.8k NOK. Calculated
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↑
Turned profitable
Net result flipped from a loss of 12.5k NOK to a profit of 24.1k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 4 891 NOK → -19.2k NOK (equity ratio 45.2% → -32.4%). Calculated
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↓
Cash fell
Bank deposits 10.8k NOK → 4 220 NOK (-61.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.83× → 0.19× — 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 -32.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation