AK TECHNOLOGY AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2019-05-08; registry 2019-06-22; journal 2019 498955
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AK TECHNOLOGY AS. Revenue 9 911 NOK → -1 NOK (-100.0%). Net result -1 NOK → -12.1k NOK. Equity 23.3k NOK → 11.2k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AK TECHNOLOGY AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9 911 NOK to -1 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -100 NOK → -12.2k NOK (op. margin -1.0% → 1215000.0%). Calculated
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↓
Net result weakened
Net result -1 NOK → -12.1k NOK (net margin -0.0% → 1207500.0%). Calculated
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↓
Equity eroded
Book equity 23.3k NOK → 11.2k NOK (equity ratio 12.5% → 3.9%). Calculated
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↓
Cash fell
Bank deposits 182.1k NOK → 63.2k NOK (-65.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation