ABLY PRODUCTION AS: årsregnskap 2018 vs 2017
Another loss-making year
approved 2019-05-24; registry 2019-08-06; journal 2019 877088
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABLY PRODUCTION AS. Net result -16.2k NOK → -16.0k NOK. Equity 8 250 NOK → -7 734 NOK.
Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABLY PRODUCTION AS.
At a glance
Scorecard
What deteriorated
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↓
Equity eroded
Book equity 8 250 NOK → -7 734 NOK (equity ratio 54.1% → -61.4%). Calculated
-
↓
Cash fell
Bank deposits 15.3k NOK → 12.6k NOK (-17.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.18× → 0.62× — 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 -61.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation