ACAX DEVELOPMENT AS: årsregnskap 2019 vs 2018
Slipped into loss
approved 2020-09-15; registry 2020-09-17; journal 2020 836342
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACAX DEVELOPMENT AS. Net result 0 NOK → -2 492 NOK. Equity -14.0k NOK → -16.5k NOK.
Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACAX DEVELOPMENT AS.
At a glance
Scorecard
Operating result
n/m
-2 492 NOK
—
Net result
0 NOK
-2 492 NOK
—
Equity
-14.0k NOK
-16.5k NOK
-17.8%
Cash
4 491 NOK
3 132 NOK
-30.3%
Total assets
22.1k NOK
3 132 NOK
-85.8%
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 0 NOK profit to a loss of 2 492 NOK. Calculated
-
↓
Equity eroded
Book equity -14.0k NOK → -16.5k NOK (equity ratio -63.2% → -526.0%). Calculated
-
↓
Cash fell
Bank deposits 4 491 NOK → 3 132 NOK (-30.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -526.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation