ABC RESTAURANT AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-08-27; registry 2020-09-03; journal 2020 740986
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABC RESTAURANT AS. Equity -92.0k NOK → -223.9k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC RESTAURANT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 454.7k NOK → 671.5k NOK (+47.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio -24.13× → 52.75×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -116.4k NOK → -131.9k NOK. Calculated
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↓
Equity eroded
Book equity -92.0k NOK → -223.9k NOK (equity ratio -9.9% → -81.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -81.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation