AESS AS: årsregnskap 2017 vs 2016
Stronger earnings, cash halved-plus
approved 2018-04-30; registry 2018-05-22; journal 2018 332799
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AESS AS. Revenue 50.0k NOK → 50.0k NOK (0.0%). Net result +237.4k NOK → +334.7k NOK. Equity 903.1k NOK → 1 188 NOK.
On the constructive side: net result improved. Pressures included: equity eroded; cash fell; payroll up without matching revenue.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AESS AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +237.4k NOK → +334.7k NOK (net margin 474.9% → 669.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 903.1k NOK → 1 188 NOK (equity ratio 97.8% → 0.6%). Calculated
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↓
Cash fell
Bank deposits 711.6k NOK → 171.6k NOK (-75.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 19.4k NOK → 35.1k NOK (39% → 70% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 163.5k NOK → 159.7k NOK. Reported fact