A9 PALEKAIA AS: årsregnskap 2018 vs 2017
Cash halved-plus
approved 2019-06-04; registry 2019-07-10; journal 2019 668738
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A9 PALEKAIA AS. Revenue 0 NOK → 40.60m NOK. Net result +422 NOK → +7 831 NOK. Equity 6.34bn NOK → 349.56m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A9 PALEKAIA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 40.60m NOK. Calculated
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↑
Operating result improved
Operating result +170 NOK → +22.1k NOK. Calculated
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↑
Net result improved
Net result +422 NOK → +7 831 NOK. Calculated
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↑
Current ratio back above 1×
Current ratio 0.14× → 1.28×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 6.34bn NOK → 349.56m NOK (equity ratio 442.2% → 21.9%). Calculated
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↓
Cash fell
Bank deposits 88.01m NOK → 16.97m NOK (-80.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (88.01m NOK → 16.97m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 45.59m NOK → 45.6k NOK. Reported fact