ACCENDIA AS: årsregnskap 2018 vs 2017
Weaker earnings
approved 2019-03-30; registry 2019-06-03; journal 2019 473029
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACCENDIA AS. Revenue 0 NOK → 5 486 NOK. Net result -24.8k NOK → -46.9k NOK. Equity -777.4k NOK → -824.4k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACCENDIA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 5 486 NOK. Calculated
-
↑
Operating result improved
Operating result 0 NOK → +2 745 NOK. Calculated
-
↑
Cash rose
Bank deposits 7 943 NOK → 8 954 NOK (+12.7% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -24.8k NOK → -46.9k NOK. Calculated
-
↓
Equity eroded
Book equity -777.4k NOK → -824.4k NOK (equity ratio -2132.6% → -5922.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5922.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 28.5k NOK → 0 NOK. Reported fact