AEGIR HAVBRUK AS: årsregnskap 2018 vs 2017
Shrank 61% on revenue, weaker earnings, cash halved-plus
approved 2019-07-08; registry 2019-08-03; journal 2019 894602
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AEGIR HAVBRUK AS. Revenue 95.8k NOK → 36.9k NOK (-61.5%). Net result -51.6k NOK → -74.3k NOK. Equity 20.2k NOK → -54.1k NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AEGIR HAVBRUK AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 95.8k NOK to 36.9k NOK (-61.5% YoY). Calculated
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Net result weakened
Net result -51.6k NOK → -74.3k NOK (net margin -53.9% → -201.2%). Calculated
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Equity eroded
Book equity 20.2k NOK → -54.1k NOK (equity ratio 73.0% → -1525.1%). Calculated
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Cash fell
Bank deposits 26.8k NOK → 1 464 NOK (-94.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 3.70× → 0.06× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1525.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation