AE GRUPPEN AS: årsregnskap 2019 vs 2018
Weaker earnings, cash halved-plus
approved 2020-04-14; registry 2020-04-18; journal 2020 295659
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AE GRUPPEN AS. Revenue 11.26m NOK → 11.46m NOK (+1.7%). Net result +20.02m NOK → +3.61m NOK. Equity 79.43m NOK → 75.04m NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for AE GRUPPEN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 11.26m NOK to 11.46m NOK (+1.7% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +20.02m NOK → +3.61m NOK (net margin 177.7% → 31.5%). Calculated
-
↓
Equity eroded
Book equity 79.43m NOK → 75.04m NOK (equity ratio 40.8% → 63.4%). Calculated
-
↓
Cash fell
Bank deposits 53.74m NOK → 912.3k NOK (-98.3% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 3.39× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (53.74m NOK → 912.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS moved
COGS / varekostnad 15 NOK → 15.71m NOK (+104717833.3% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 2 129 NOK → 2.13m NOK. Reported fact