ABIKO HOLDING AS: årsregnskap 2018 vs 2017
Returned to profit, cash halved-plus
approved 2019-05-06; registry 2019-05-22; journal 2019 347614
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABIKO HOLDING AS. Net result -107.3k NOK → +451.5k NOK. Equity 10.36m NOK → 815.0k NOK.
On the constructive side: turned profitable. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABIKO HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 107.3k NOK to a profit of 451.5k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 10.36m NOK → 815.0k NOK (equity ratio 929.9% → 53.8%). Calculated
-
↓
Cash fell
Bank deposits 47.1k NOK → 15.7k NOK (-66.7% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 358.07× → 0.32× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 11.76m NOK → 1 200 NOK. Reported fact