ABILITY AS: årsregnskap 2017 vs 2016
Slipped into loss, cash halved-plus
approved 2018-05-31; registry 2018-06-26; journal 2018 562448
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABILITY AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +121.4k NOK → -383.9k NOK. Equity 232.0k NOK → -151.9k NOK.
Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABILITY AS.
At a glance
Scorecard
What deteriorated
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Fell into a net loss
Net result flipped from 121.4k NOK profit to a loss of 383.9k NOK. Calculated
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Equity eroded
Book equity 232.0k NOK → -151.9k NOK (equity ratio 39.6% → -20.0%). Calculated
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Cash fell
Bank deposits 83.9k NOK → 2 516 NOK (-97.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 7.42× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -20.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 201.2k NOK → 756.8k NOK. Reported fact