AB Invest A/S: årsregnskap 1999 vs 1998
Weaker earnings, cash halved-plus, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for AB Invest A/S. Revenue 0 NOK → 0 NOK (0.0%). Net result -276.3k NOK → -2.08m NOK. Equity 20.26m NOK → -21.03m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AB Invest A/S.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result +1.04m NOK → +563.4k NOK. Calculated
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↓
Net result weakened
Net result -276.3k NOK → -2.08m NOK. Calculated
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↓
Equity eroded
Book equity 20.26m NOK → -21.03m NOK (equity ratio 46.6% → -41.2%). Calculated
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↓
Cash fell
Bank deposits 1.24m NOK → 621.2k NOK (-50.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.74× → -0.65× — 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 -41.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 25.0k NOK → 27.36m NOK. Reported fact