Org.nr 818 965 532 2018 → 2019 Year-over-year analysis

ABAX MIDCO AS: årsregnskap 2019 vs 2018

Cash halved-plus

approved 2020-08-28; registry 2020-10-12; journal 2020 925372

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABAX MIDCO AS. Equity 1.18bn NOK → 1.17bn NOK.

Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ABAX MIDCO AS.

At a glance

Operating result

n/m -33.8k NOK

—

Net result

n/m -14.01m NOK

—

Equity

1.18bn NOK 1.17bn NOK

-1.2%

Cash

31.5k NOK 4 329 NOK

-86.2%

Total assets

1.47bn NOK 1.47bn NOK

+0.1%

↓
Equity eroded

Book equity 1.18bn NOK → 1.17bn NOK (equity ratio 80.7% → 79.6%). Calculated
↓
Cash fell

Bank deposits 31.5k NOK → 4 329 NOK (-86.2% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 8.34× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Paid-in equity reduced

Paid-in equity fell 1.18bn NOK → 1.17bn NOK — check capital reduction, conversion, or reclassification. Interpretation