AE GRUPPEN AS: årsregnskap 2017 vs 2016
Grew 42% on revenue, stronger earnings, cash halved-plus
approved 2018-02-28; registry 2018-06-20; journal 2018 509337
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AE GRUPPEN AS. Revenue 5.59m NOK → 7.96m NOK (+42.3%). Net result +11.80m NOK → +20.26m NOK. Equity 57.14m NOK → 67.41m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AE GRUPPEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.59m NOK to 7.96m NOK (+42.3% YoY). Calculated
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Net result improved
Net result +11.80m NOK → +20.26m NOK (net margin 211.1% → 254.5%). Calculated
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Equity strengthened
Book equity 57.14m NOK → 67.41m NOK (equity ratio 40.0% → 37.9%). Calculated
What deteriorated
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Cash fell
Bank deposits 10.45m NOK → 2.35m NOK (-77.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 5.00× → 0.59× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (10.45m NOK → 2.35m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 104.1k NOK → 104 NOK (-99.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 3.90m NOK → 8.15m NOK. Reported fact