AEBE AS: årsregnskap 2019 vs 2018
Stronger earnings, cash halved-plus
approved 2020-06-17; registry 2020-08-17; journal 2020 675426
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AEBE AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +1.74m NOK → +2.24m NOK. Equity 13.90m NOK → 14.94m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AEBE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -76.2k NOK → -71.8k NOK. Calculated
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↑
Net result improved
Net result +1.74m NOK → +2.24m NOK. Calculated
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↑
Equity strengthened
Book equity 13.90m NOK → 14.94m NOK (equity ratio 81.9% → 88.0%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.93× → 1.40×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 2.14m NOK → 607.0k NOK (-71.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.14m NOK → 607.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 9.40m NOK → 9.40m NOK. Reported fact