AQUA BIO TECHNOLOGY ASA: årsregnskap 2018 vs 2017
Shrank 88% on revenue, cash halved-plus
approved 2019-04-24; registry 2019-06-12; journal 2019 407324
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AQUA BIO TECHNOLOGY ASA. Revenue 9.88m NOK → 1.22m NOK (-87.7%). Net result -16.06m NOK → -18.36m NOK. Equity 67.11m NOK → 48.94m NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AQUA BIO TECHNOLOGY ASA.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 9.88m NOK to 1.22m NOK (-87.7% YoY). Calculated
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Net result weakened
Net result -16.06m NOK → -18.36m NOK (net margin -162.5% → -1508.6%). Calculated
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Equity eroded
Book equity 67.11m NOK → 48.94m NOK (equity ratio 86.4% → 82.8%). Calculated
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Cash fell
Bank deposits 21.80m NOK → 3.27m NOK (-85.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (21.80m NOK → 3.27m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 38.53m NOK → 27.72m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 9 352 NOK → 10 NOK (-99.9% YoY). Calculated