ARRIBATEC GROUP ASA: årsregnskap 2018 vs 2017
Shrank 100% on revenue, cash halved-plus
approved 2019-06-28; registry 2019-07-30; journal 2019 822288
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ARRIBATEC GROUP ASA. Revenue 460.0k NOK → 501 NOK (-99.9%). Equity 7.15bn NOK → 7.10m NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ARRIBATEC GROUP ASA.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 460.0k NOK to 501 NOK (-99.9% YoY). Calculated
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Equity eroded
Book equity 7.15bn NOK → 7.10m NOK (equity ratio 4495.6% → 6.9%). Calculated
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Cash fell
Bank deposits 10.23m NOK → 1.31m NOK (-87.2% YoY). Calculated
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Payroll up without matching revenue
Salary cost 4.88m NOK → 5.28m NOK (1061% → 1054291% of revenue). Calculated
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COGS moved
COGS / varekostnad 11.69m NOK → 13.57m NOK (+16.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.9% 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 (10.23m NOK → 1.31m 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 205.50m NOK → 232.1k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 144.11m NOK → 75.15m NOK. Reported fact