ABLECON HOLDING AS: årsregnskap 2018 vs 2017
Cash halved-plus
approved 2019-06-14; registry 2019-07-03; journal 2019 586979
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABLECON HOLDING AS. Equity 8 037 NOK → -4 071 NOK.
Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABLECON HOLDING AS.
At a glance
Scorecard
Net result
n/m
-12.1k NOK
—
Equity
8 037 NOK
-4 071 NOK
-150.7%
Cash
656.1k NOK
1 590 NOK
-99.8%
Total assets
40.8k NOK
44.6k NOK
+9.3%
What deteriorated
-
↓
Equity eroded
Book equity 8 037 NOK → -4 071 NOK (equity ratio 19.7% → -9.1%). Calculated
-
↓
Cash fell
Bank deposits 656.1k NOK → 1 590 NOK (-99.8% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -9.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation