ACHATES INVEST AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-08-05; registry 2020-08-15; journal 2020 676236
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACHATES INVEST AS. Equity -1.37m NOK → -1.37m NOK.
Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACHATES INVEST AS.
At a glance
Scorecard
Operating result
n/m
-2 570 NOK
—
Net result
n/m
-2 570 NOK
—
Equity
-1.37m NOK
-1.37m NOK
-0.2%
Cash
919.4k NOK
850.9k NOK
-7.4%
Total assets
919.4k NOK
850.9k NOK
-7.4%
What deteriorated
-
↓
Equity eroded
Book equity -1.37m NOK → -1.37m NOK (equity ratio -148.6% → -160.9%). Calculated
-
↓
Cash fell
Bank deposits 919.4k NOK → 850.9k NOK (-7.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -160.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation