AKADEMIET VGS BRAGERNES DRAMMEN AS: årsregnskap 2019 vs 2018
Cash halved-plus
approved 2020-05-20; registry 2020-08-25; journal 2020 691536
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AKADEMIET VGS BRAGERNES DRAMMEN AS. Revenue 16.65m NOK → 15.87m NOK (-4.7%). Equity 608.4k NOK → 3.19m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AKADEMIET VGS BRAGERNES DRAMMEN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 608.4k NOK → 3.19m NOK (equity ratio 13.6% → 59.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 16.65m NOK to 15.87m NOK (-4.7% YoY). Calculated
-
↓
Cash fell
Bank deposits 3.43m NOK → 371.3k NOK (-89.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.06× → 0.43× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.43m NOK → 371.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 16.65m NOK → 15.87m NOK. Reported fact