ABSOLUMENT AS: årsregnskap 2018 vs 2017
Another loss-making year
approved 2019-05-13; registry 2019-06-04; journal 2019 372361
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABSOLUMENT AS. Equity 25.5k NOK → 9 317 NOK.
Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABSOLUMENT AS.
At a glance
Scorecard
Operating result
n/m
+41.6k NOK
—
Net result
n/m
-16.1k NOK
—
Equity
25.5k NOK
9 317 NOK
-63.4%
Cash
68.7k NOK
45.1k NOK
-34.3%
Total assets
236.6k NOK
222.4k NOK
-6.0%
What deteriorated
-
↓
Equity eroded
Book equity 25.5k NOK → 9 317 NOK (equity ratio 10.8% → 4.2%). Calculated
-
↓
Cash fell
Bank deposits 68.7k NOK → 45.1k NOK (-34.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 61.9k NOK → 71.2k NOK. Reported fact