WRK4ME AS: årsregnskap 2017 vs 2016
Another loss-making year
approved 2018-05-21; registry 2018-05-31; journal 2018 380884
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for WRK4ME AS. Equity 5 692 NOK → -90.6k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for WRK4ME AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 64.1k NOK → 156.4k NOK (+144.1% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.40× → 58.24×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -18.9k NOK → -85.5k NOK. Calculated
-
↓
Equity eroded
Book equity 5 692 NOK → -90.6k NOK (equity ratio 1.1% → -13.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -13.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation