AKASTOR AS: årsregnskap 2018 vs 2017
Shrank 17% on revenue, cash halved-plus
approved 2019-06-06; registry 2019-07-03; journal 2019 575963
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AKASTOR AS. Revenue 68.77m NOK → 57.33m NOK (-16.6%). Equity 5.48bn NOK → 5.91bn NOK.
On the constructive side: equity strengthened; owners injected capital; payroll decreased. 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 AKASTOR AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 5.48bn NOK → 5.91bn NOK (equity ratio 80.2% → 91.0%). Calculated
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↑
Owners injected capital
Paid-in equity rose 5.48bn NOK → 5.91bn NOK (+431.95m NOK). Reported fact
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↑
Payroll decreased
Salary cost 74.70m NOK → 57.92m NOK (109% → 101% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 68.77m NOK to 57.33m NOK (-16.6% YoY). Calculated
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↓
Cash fell
Bank deposits 2.37bn NOK → 281.11m NOK (-88.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.00× → 0.83× — 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 (2.37bn NOK → 281.11m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 4.27bn NOK → 12 NOK. Reported fact