AE GROUP AS: årsregnskap 2019 vs 2018
Cash halved-plus
approved 2020-10-14; registry 2020-10-20; journal 2020 956793
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AE GROUP AS. Revenue 17.2k NOK → 17.2k NOK (0.0%). Equity 24.8k NOK → -2 327 NOK.
On the constructive side: payroll decreased. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AE GROUP AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 63.1k NOK → 26.6k NOK (366% → 154% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 24.8k NOK → -2 327 NOK (equity ratio 89.7% → -21.8%). Calculated
-
↓
Cash fell
Bank deposits 27.6k NOK → 10.7k NOK (-61.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 9.75× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -21.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation