AEON AS: årsregnskap 2019 vs 2018
Shrank 12% on revenue, stronger earnings, cash halved-plus
approved 2020-05-11; registry 2020-05-13; journal 2020 355175
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AEON AS. Revenue 759.1k NOK → 665.8k NOK (-12.3%). Net result +305.3k NOK → +522.4k NOK. Equity 12.37m NOK → 13.9k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AEON AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +305.3k NOK → +522.4k NOK (net margin 40.2% → 78.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 759.1k NOK to 665.8k NOK (-12.3% YoY). Calculated
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↓
Equity eroded
Book equity 12.37m NOK → 13.9k NOK (equity ratio 2153.1% → 6.1%). Calculated
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↓
Cash fell
Bank deposits 524.9k NOK → 35.3k NOK (-93.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.78× → 0.59× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 4 NOK → 4850.46bn NOK (0% → 728488997% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation