MGINVEST AS: årsregnskap 2019 vs 2018
Slipped into loss
approved 2020-07-02; registry 2020-07-09; journal 2020 569095
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for MGINVEST AS. Net result +4 NOK → -9 483 NOK. Equity 83.0k NOK → 73.5k NOK.
On the constructive side: operating result improved; cash rose. Pressures included: fell into a net loss; equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for MGINVEST AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -5 581 NOK → -4 997 NOK. Calculated
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↑
Cash rose
Bank deposits 5 397 NOK → 8 436 NOK (+56.3% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 4 NOK profit to a loss of 9 483 NOK. Calculated
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↓
Equity eroded
Book equity 83.0k NOK → 73.5k NOK (equity ratio 24.2% → 12.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.35× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 337.4k NOK → 584.4k NOK. Reported fact