AEH BUD AS: årsregnskap 2017 vs 2016
Grew 53% on revenue, cash halved-plus
approved 2018-05-30; registry 2018-06-07; journal 2018 432402
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AEH BUD AS. Revenue 264.1k NOK → 402.9k NOK (+52.6%). Equity 6.11m NOK → 10 NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AEH BUD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 264.1k NOK to 402.9k NOK (+52.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 95.6k NOK → 3 NOK (36% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +104.7k NOK → +81.2k NOK (op. margin 39.6% → 20.2%). Calculated
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↓
Equity eroded
Book equity 6.11m NOK → 10 NOK (equity ratio 3929.5% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 6 403 NOK → 1 904 NOK (-70.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation