AEJ INVEST AS: årsregnskap 2018 vs 2017
Grew 39% on revenue, weaker earnings
approved 2019-04-01; registry 2019-04-15; journal 2019 278324
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AEJ INVEST AS. Revenue 6.87m NOK → 9.54m NOK (+38.8%). Net result +11.87m NOK → +5.99m NOK. Equity 22.91m NOK → 21.55m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AEJ INVEST AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 6.87m NOK to 9.54m NOK (+38.8% YoY). Calculated
-
↑
Operating result improved
Operating result +5.40m NOK → +7.80m NOK (op. margin 78.5% → 81.8%). Calculated
-
↑
Cash rose
Bank deposits 794.7k NOK → 802.5k NOK (+1.0% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.03× → 2.31×. Calculated
What deteriorated
-
↓
Net result weakened
Net result +11.87m NOK → +5.99m NOK (net margin 172.7% → 62.8%). Calculated
-
↓
Equity eroded
Book equity 22.91m NOK → 21.55m NOK (equity ratio 80.6% → 90.0%). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 25.67m NOK → 18.27m NOK. Reported fact