ABLECON HOLDING AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-08-31; registry 2020-09-17; journal 2020 824169
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABLECON HOLDING AS. Net result -12.1k NOK → -12.9k NOK. Equity -4 071 NOK → -17.0k NOK.
Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABLECON HOLDING AS.
At a glance
Scorecard
Operating result
n/m
-16.6k NOK
—
Net result
-12.1k NOK
-12.9k NOK
-6.7%
Equity
-4 071 NOK
-17.0k NOK
-317.5%
Cash
1 590 NOK
1 297 NOK
-18.4%
Total assets
44.6k NOK
48.0k NOK
+7.5%
What deteriorated
-
↓
Equity eroded
Book equity -4 071 NOK → -17.0k NOK (equity ratio -9.1% → -35.4%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -35.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation