ABC-TAKST AS: årsregnskap 2018 vs 2017
Shrank 52% on revenue, slipped into loss, cash halved-plus
approved 2019-04-16; registry 2019-06-15; journal 2019 431422
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABC-TAKST AS. Revenue 900.4k NOK → 435.9k NOK (-51.6%). Net result +176.3k NOK → -230.4k NOK. Equity 225.7k NOK → -4 654 NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC-TAKST AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 900.4k NOK to 435.9k NOK (-51.6% YoY). Calculated
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Fell into a net loss
Net result flipped from 176.3k NOK profit to a loss of 230.4k NOK. Calculated
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Equity eroded
Book equity 225.7k NOK → -4 654 NOK (equity ratio 34.7% → -1.0%). Calculated
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Cash fell
Bank deposits 71.1k NOK → 3 222 NOK (-95.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.53× → 0.80× — 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 -1.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation