ABYSSINIA RESOURCES DEVELOPMENT AS: årsregnskap 2018 vs 2017
Weaker earnings, cash halved-plus
approved 2019-03-20; registry 2019-05-25; journal 2019 352219
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABYSSINIA RESOURCES DEVELOPMENT AS. Net result +646.7k NOK → +280.7k NOK. Equity 27.10m NOK → 27.38m NOK.
On the constructive side: equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABYSSINIA RESOURCES DEVELOPMENT AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 27.10m NOK → 27.38m NOK (equity ratio 99.9% → 95.0%). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -437.6k NOK → -950.9k NOK. Calculated
-
↓
Net result weakened
Net result +646.7k NOK → +280.7k NOK. Calculated
-
↓
Cash fell
Bank deposits 340.9k NOK → 101.6k NOK (-70.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 13.45× → 0.15× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 25.78m NOK → 51.6k NOK. Reported fact