AKASIA HOLDING AS: årsregnskap 2018 vs 2017
Grew 3954053800% on revenue, cash halved-plus
approved 2019-06-19; registry 2019-06-29; journal 2019 556148
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AKASIA HOLDING AS. Revenue 10 NOK → 395.41m NOK (+3954053800.0%). Equity 84.26m NOK → 83.27m NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for AKASIA HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10 NOK to 395.41m NOK (+3954053800.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 84.26m NOK → 83.27m NOK (equity ratio 16.7% → 25.2%). Calculated
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↓
Cash fell
Bank deposits 2.98m NOK → 481.3k NOK (-83.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.13× → 0.12× — 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 (2.98m NOK → 481.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 11.00m NOK → 1.27bn NOK (109962870% → 321% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 27.5k NOK → 0 NOK (-100.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 478.58m NOK → 296.23m NOK. Reported fact