ABAC AS: årsregnskap 2019 vs 2018
Cash halved-plus, fresh owner capital
approved 2020-08-31; registry 2020-10-03; journal 2020 894324
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABAC AS. Equity 8 774 NOK → -1 200 NOK.
On the constructive side: operating result improved; owners injected capital. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABAC AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -15.5k NOK → -9 630 NOK. Calculated
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↑
Owners injected capital
Paid-in equity rose 24.4k NOK → 30.0k NOK (+5 570 NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 8 774 NOK → -1 200 NOK (equity ratio 28.8% → -11.7%). Calculated
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↓
Cash fell
Bank deposits 30.5k NOK → 10.2k NOK (-66.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.40× → 0.89× — 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 -11.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation