ABELSNES INVEST AS: årsregnskap 2018 vs 2017
Shrank 86% on revenue, cash halved-plus
approved 2019-05-20; registry 2019-06-08; journal 2019 394672
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABELSNES INVEST AS. Revenue 65.2k NOK → 9 000 NOK (-86.2%). Equity -82.8k NOK → -237.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABELSNES INVEST AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 151.2k NOK → 108.3k NOK (232% → 1203% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 65.2k NOK to 9 000 NOK (-86.2% YoY). Calculated
-
↓
Equity eroded
Book equity -82.8k NOK → -237.8k NOK (equity ratio -4.8% → -24.9%). Calculated
-
↓
Cash fell
Bank deposits 899.9k NOK → 71.3k NOK (-92.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -24.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 559.4k NOK → 576.6k NOK. Reported fact