A&I GEMS AS: årsregnskap 2018 vs 2017
Shrank 56% on revenue, stronger earnings
approved 2019-06-30; registry 2019-07-16; journal 2019 724516
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A&I GEMS AS. Revenue 1.82m NOK → 796.8k NOK (-56.3%). Net result +234.7k NOK → +317.5k NOK. Equity 919.9k NOK → 11 NOK.
On the constructive side: net result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A&I GEMS AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +234.7k NOK → +317.5k NOK (net margin 12.9% → 39.8%). Calculated
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Cash rose
Bank deposits 579.9k NOK → 981.8k NOK (+69.3% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.53× → 3.91×. Calculated
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Payroll decreased
Salary cost 1.26m NOK → 4 NOK (69% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.82m NOK to 796.8k NOK (-56.3% YoY). Calculated
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Equity eroded
Book equity 919.9k NOK → 11 NOK (equity ratio 242.9% → 0.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation