ABO INVEST AS: årsregnskap 2019 vs 2018
Weaker earnings, cash halved-plus
approved 2020-05-20; registry 2020-06-10; journal 2020 409265
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABO INVEST AS. Net result -3 317 NOK → -147.6k NOK. Equity 34.7k NOK → -112.9k NOK.
Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABO INVEST AS.
At a glance
Scorecard
What deteriorated
-
↓
Net result weakened
Net result -3 317 NOK → -147.6k NOK. Calculated
-
↓
Equity eroded
Book equity 34.7k NOK → -112.9k NOK (equity ratio 10.1% → -56.0%). Calculated
-
↓
Cash fell
Bank deposits 14.4k NOK → 1 735 NOK (-88.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.48× → 0.38× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -56.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 3 NOK → 200.0k NOK. Reported fact