AKASIA KIRKE OG GRAVPLASS AS: årsregnskap 2018 vs 2017
Shrank 96% on revenue, slipped into loss, cash halved-plus
approved 2019-06-05; registry 2019-06-29; journal 2019 555388
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AKASIA KIRKE OG GRAVPLASS AS. Revenue 3.10bn NOK → 110.16m NOK (-96.4%). Net result +2.56m NOK → -6.38m NOK. Equity 3.77m NOK → -2.61m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AKASIA KIRKE OG GRAVPLASS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +3.32m NOK → +6.28m NOK (op. margin 0.1% → 5.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.10bn NOK to 110.16m NOK (-96.4% YoY). Calculated
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Fell into a net loss
Net result flipped from 2.56m NOK profit to a loss of 6.38m NOK. Calculated
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↓
Equity eroded
Book equity 3.77m NOK → -2.61m NOK (equity ratio 15.6% → -12.0%). Calculated
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Cash fell
Bank deposits 14.55m NOK → 5.15m NOK (-64.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.78× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -12.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (14.55m NOK → 5.15m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 69.6k NOK → 151.2k NOK. Reported fact