ENDÚR ASA: årsregnskap 2018 vs 2017
Cash halved-plus
approved 2019-05-14; registry 2019-07-31; journal 2019 831161
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ENDÚR ASA. Revenue 44.0k NOK → 44.0k NOK (0.0%). Equity 90.92m NOK → 67.56m NOK.
On the constructive side: payroll decreased. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ENDÚR ASA.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 8.66m NOK → 8.66m NOK (19686% → 19675% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 90.92m NOK → 67.56m NOK (equity ratio 57.6% → 45.3%). Calculated
-
↓
Cash fell
Bank deposits 11.89m NOK → 3.89m NOK (-67.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.64× → 0.77× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
COGS moved
COGS / varekostnad 623.0k NOK → 96.98m NOK (+15466.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (11.89m NOK → 3.89m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 128.30m NOK → 93.99m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 134.22m NOK → 134.5k NOK. Reported fact