A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi: årsregnskap 2017 vs 2016
Cash halved-plus
approved 2018-06-15; registry 2018-07-18; journal 2018 710846
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi. Revenue 360.0k NOK → 360.0k NOK (0.0%). Equity 255.5k NOK → -1.22m NOK.
Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result +415.6k NOK → -1.32m NOK (op. margin 115.4% → -366.9%). Calculated
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↓
Equity eroded
Book equity 255.5k NOK → -1.22m NOK (equity ratio 4.7% → -33.9%). Calculated
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↓
Cash fell
Bank deposits 82.1k NOK → 9 468 NOK (-88.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.12× → 0.02× — 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 -33.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 2.53m NOK → 2 529 NOK. Reported fact