FirmaIQ
Org.nr 913 927 621 2017 → 2018 Year-over-year analysis

ABG SCANDINAVIA HOLDINGS AS: årsregnskap 2018 vs 2017

Mixed movements in the accounts

approved 2019-09-18; registry 2019-09-26; journal 2019 937770

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABG SCANDINAVIA HOLDINGS AS. Equity -42.31m NOK → -257.09m NOK.

On the constructive side: cash rose. Pressures included: equity eroded; current ratio dropped below 1×.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABG SCANDINAVIA HOLDINGS AS.

At a glance

Scorecard

Equity
-42.31m NOK -257.09m NOK
-507.6%
Cash
5.75m NOK 10.27m NOK
+78.7%
Total assets
419.24m NOK 294.85m NOK
-29.7%

What improved

  • ↑

    Cash rose

    Bank deposits 5.75m NOK → 10.27m NOK (+78.7% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -42.31m NOK → -257.09m NOK (equity ratio -10.1% → -87.2%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 9.78× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -87.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 408.30m NOK → 254.48m NOK. Reported fact