ABIF TOMTEFESTE I AS: årsregnskap 2018 vs 2017
Weaker earnings, cash halved-plus
approved 2019-04-04; registry 2019-06-04; journal 2019 373978
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABIF TOMTEFESTE I AS. Net result +2.92m NOK → +82.4k NOK. Equity 3.71m NOK → 957.4k NOK.
On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABIF TOMTEFESTE I AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -33.4k NOK → -25.0k NOK. Calculated
What deteriorated
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↓
Net result weakened
Net result +2.92m NOK → +82.4k NOK. Calculated
-
↓
Equity eroded
Book equity 3.71m NOK → 957.4k NOK (equity ratio 93.2% → 80.4%). Calculated
-
↓
Cash fell
Bank deposits 3.15m NOK → 408.9k NOK (-87.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.15m NOK → 408.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 6.78m NOK → 781.5k NOK. Reported fact