ABG SCANDINAVIA HOLDINGS AS: årsregnskap 2017 vs 2016
Mixed movements in the accounts
approved 2018-10-24; registry 2018-11-05; journal 2018 932107
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABG SCANDINAVIA HOLDINGS AS. Equity -27.42m NOK → -42.31m NOK.
Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABG SCANDINAVIA HOLDINGS AS.
At a glance
Scorecard
Equity
-27.42m NOK
-42.31m NOK
-54.3%
Cash
6.05m NOK
5.75m NOK
-5.1%
Total assets
444.97m NOK
419.24m NOK
-5.8%
What deteriorated
-
↓
Equity eroded
Book equity -27.42m NOK → -42.31m NOK (equity ratio -6.2% → -10.1%). Calculated
-
↓
Cash fell
Bank deposits 6.05m NOK → 5.75m NOK (-5.1% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -10.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation