AJBAS AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2018-06-30; registry 2018-08-06; journal 2018 860307
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AJBAS AS. Revenue 8 000 NOK → 0 NOK (-100.0%). Net result -21.5k NOK → -34.2k NOK. Equity -52.6k NOK → -86.8k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AJBAS AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8 000 NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -21.5k NOK → -34.2k NOK. Calculated
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↓
Net result weakened
Net result -21.5k NOK → -34.2k NOK. Calculated
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↓
Equity eroded
Book equity -52.6k NOK → -86.8k NOK (equity ratio -12.7% → -20.3%). Calculated
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↓
Cash fell
Bank deposits 18.9k NOK → 2 552 NOK (-86.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -20.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 314.7k NOK → 324.3k NOK. Reported fact