AE VENTURES AS: årsregnskap 2018 vs 2017
Shrank 93% on revenue, weaker earnings, cash halved-plus
approved 2019-04-01; registry 2019-05-09; journal 2019 312900
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AE VENTURES AS. Revenue 348.3k NOK → 24.8k NOK (-92.9%). Net result +109.5k NOK → +8 872 NOK. Equity -59.3k NOK → -110.5k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AE VENTURES AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 348.3k NOK to 24.8k NOK (-92.9% YoY). Calculated
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Operating result weakened
Operating result +110.0k NOK → +8 866 NOK (op. margin 31.6% → 35.8%). Calculated
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Net result weakened
Net result +109.5k NOK → +8 872 NOK (net margin 31.4% → 35.8%). Calculated
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Equity eroded
Book equity -59.3k NOK → -110.5k NOK (equity ratio -26.8% → -557.6%). Calculated
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Cash fell
Bank deposits 1 161 NOK → 24 NOK (-97.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -557.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 79.0k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 194.9k NOK → 6 064 NOK (-96.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 180.3k NOK → 7 500 NOK. Reported fact