AERIAL GEO SURVEY AS: årsregnskap 2018 vs 2017
Shrank 16% on revenue, cash halved-plus
approved 2019-05-08; registry 2019-06-19; journal 2019 470015
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AERIAL GEO SURVEY AS. Revenue 3 250 NOK → 2 728 NOK (-16.1%). Equity -120.6k NOK → -184.0k NOK.
On the constructive side: operating 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 AERIAL GEO SURVEY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -156.5k NOK → -63.3k NOK (op. margin -4816.3% → -2320.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3 250 NOK to 2 728 NOK (-16.1% YoY). Calculated
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↓
Equity eroded
Book equity -120.6k NOK → -184.0k NOK (equity ratio -143.1% → -536.0%). Calculated
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↓
Cash fell
Bank deposits 21.5k NOK → 1 678 NOK (-92.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -536.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation