AD MALERARBEID AS: årsregnskap 2018 vs 2017
Shrank 63% on revenue, cash halved-plus
approved 2019-04-30; registry 2019-05-20; journal 2019 341445
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AD MALERARBEID AS. Revenue 4.53m NOK → 1.66m NOK (-63.4%). Equity 15.43m NOK → 15 NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AD MALERARBEID AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.40× → 1.11×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.53m NOK to 1.66m NOK (-63.4% YoY). Calculated
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↓
Equity eroded
Book equity 15.43m NOK → 15 NOK (equity ratio 890.5% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 672.1k NOK → 165.6k NOK (-75.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 919.6k NOK → 175.7k NOK (-80.9% YoY). Calculated