ADVACO AS: årsregnskap 2018 vs 2017
Cash halved-plus
approved 2019-05-20; registry 2019-06-06; journal 2019 391420
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVACO AS. Revenue 0 NOK → 0 NOK (0.0%). Equity 29.16m NOK → 11.56m NOK.
Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVACO AS.
At a glance
Scorecard
Revenue
0 NOK
0 NOK
0.0%
Equity
29.16m NOK
11.56m NOK
-60.4%
Cash
9.92m NOK
239.0k NOK
-97.6%
Total assets
29.57m NOK
20.82m NOK
-29.6%
What deteriorated
-
↓
Equity eroded
Book equity 29.16m NOK → 11.56m NOK (equity ratio 98.6% → 55.5%). Calculated
-
↓
Cash fell
Bank deposits 9.92m NOK → 239.0k NOK (-97.6% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (9.92m NOK → 239.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation