AE BULK CO-INVEST AS: årsregnskap 2018 vs 2017
Returned to profit, cash halved-plus
approved 2019-03-04; registry 2019-07-02; journal 2019 574137
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AE BULK CO-INVEST AS. Net result -566.5k NOK → +34.44m NOK. Equity 87.28m NOK → 24.22m NOK.
On the constructive side: turned profitable. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AE BULK CO-INVEST AS.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 566.5k NOK to a profit of 34.44m NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 87.28m NOK → 24.22m NOK (equity ratio 99.9% → 85.1%). Calculated
-
↓
Cash fell
Bank deposits 943.8k NOK → 447.0k NOK (-52.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 9.78× → 0.11× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 88.41m NOK → 12.91m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 86.36m NOK → 23.98m NOK. Reported fact