AERON AS: årsregnskap 2018 vs 2017
Shrank 9% on revenue, returned to profit, cash halved-plus
approved 2019-03-11; registry 2019-07-03; journal 2019 588965
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AERON AS. Revenue 261.86m NOK → 238.53m NOK (-8.9%). Net result -20.11m NOK → +2 017 NOK. Equity 37.73m NOK → 34.93m NOK.
On the constructive side: turned profitable; owners injected capital; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AERON AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 20.11m NOK to a profit of 2 017 NOK. Calculated
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Owners injected capital
Paid-in equity rose 86.11m NOK → 86.75m NOK (+637.0k NOK). Reported fact
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Payroll decreased
Salary cost 86.37m NOK → 71.64m NOK (33% → 30% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 261.86m NOK to 238.53m NOK (-8.9% YoY). Calculated
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↓
Equity eroded
Book equity 37.73m NOK → 34.93m NOK (equity ratio 40.1% → 36.6%). Calculated
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↓
Cash fell
Bank deposits 3.79m NOK → 253.2k NOK (-93.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.79m NOK → 253.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 3.17bn NOK → 3.15bn NOK (-0.8% YoY). Calculated