FirmaIQ
Org.nr 914 168 481 2017 → 2018 Year-over-year analysis

A/S FORMA: årsregnskap 2018 vs 2017

Cash halved-plus

approved 2019-03-08; registry 2019-07-13; journal 2019 697862

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for A/S FORMA. Revenue 108.00m NOK → 105.00m NOK (-2.8%). Equity 230.38m NOK → 315.7k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for A/S FORMA.

At a glance

Scorecard

Revenue
108.00m NOK 105.00m NOK
-2.8%
Net result
n/m +85.27m NOK
—
Equity
230.38m NOK 315.7k NOK
-99.9%
Cash
10.55m NOK 1.51m NOK
-85.6%
Total assets
645.81m NOK 465.68m NOK
-27.9%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 108.00m NOK to 105.00m NOK (-2.8% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 230.38m NOK → 315.7k NOK (equity ratio 35.7% → 0.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 10.55m NOK → 1.51m NOK (-85.6% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (10.55m NOK → 1.51m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 230.38m NOK → 256.3k NOK — check capital reduction, conversion, or reclassification. Interpretation