ABS-MASKIN AS: årsregnskap 2018 vs 2017
Mixed movements in the accounts
approved 2019-06-27; registry 2019-07-06; journal 2019 618571
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABS-MASKIN AS. Revenue 42.70m NOK → 42.04m NOK (-1.5%). Equity 6.98m NOK → 2.57m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ABS-MASKIN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 17.91m NOK → 19.21m NOK (+7.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 42.70m NOK to 42.04m NOK (-1.5% YoY). Calculated
-
↓
Equity eroded
Book equity 6.98m NOK → 2.57m NOK (equity ratio 17.8% → 5.3%). Calculated
-
↓
COGS moved
COGS / varekostnad 30.51m NOK → 30.92m NOK (+1.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 6.98m NOK → 4.51m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 1.53m NOK → 1.34m NOK. Reported fact