AE VENTURES AS: årsregnskap 2017 vs 2016
Shrank 56% on revenue, weaker earnings, cash halved-plus
approved 2018-03-19; registry 2018-05-09; journal 2018 308886
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AE VENTURES AS. Revenue 789.6k NOK → 348.3k NOK (-55.9%). Net result +197.3k NOK → +109.5k NOK. Equity -168.8k NOK → -59.3k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AE VENTURES AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -185.9k NOK → +110.0k NOK (op. margin -23.5% → 31.6%). Calculated
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↑
Equity strengthened
Book equity -168.8k NOK → -59.3k NOK (equity ratio -130.8% → -26.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 789.6k NOK to 348.3k NOK (-55.9% YoY). Calculated
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↓
Net result weakened
Net result +197.3k NOK → +109.5k NOK (net margin 25.0% → 31.4%). Calculated
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↓
Cash fell
Bank deposits 54.2k NOK → 1 161 NOK (-97.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.32× → 0.51× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 538.2k NOK → 194.9k NOK (-63.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 30.0k NOK → 180.3k NOK. Reported fact