A/S Naufgården: årsregnskap 2018 vs 2017
Another loss-making year
approved 2019-06-05; registry 2019-06-25; journal 2019 518266
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A/S Naufgården. Revenue 734.9k NOK → 715.5k NOK (-2.6%). Net result -488.1k NOK → -428.6k NOK. Equity -1.36m NOK → -1.78m NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Naufgården.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -545.0k NOK → -380.8k NOK (op. margin -74.2% → -53.2%). Calculated
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↑
Net result improved
Net result -488.1k NOK → -428.6k NOK (net margin -66.4% → -59.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.02× → 15.96×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 734.9k NOK to 715.5k NOK (-2.6% YoY). Calculated
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↓
Equity eroded
Book equity -1.36m NOK → -1.78m NOK (equity ratio -27.5% → -42.1%). Calculated
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↓
Cash fell
Bank deposits 902.8k NOK → 476.6k NOK (-47.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -42.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation