AESSE MANAGEMENT AS: årsregnskap 2018 vs 2017
Grew 169% on revenue, stronger earnings
approved 2019-05-13; registry 2019-06-27; journal 2019 540300
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AESSE MANAGEMENT AS. Revenue 8.76m NOK → 23.54m NOK (+168.6%). Net result +21.7k NOK → +48.0k NOK. Equity 43.0k NOK → -4 952 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AESSE MANAGEMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.76m NOK to 23.54m NOK (+168.6% YoY). Calculated
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↑
Operating result improved
Operating result +25.5k NOK → +62.2k NOK (op. margin 0.3% → 0.3%). Calculated
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↑
Net result improved
Net result +21.7k NOK → +48.0k NOK (net margin 0.2% → 0.2%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 43.0k NOK → -4 952 NOK (equity ratio 0.8% → -0.1%). Calculated
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↓
Cash fell
Bank deposits 972.3k NOK → 867.5k NOK (-10.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.01× → 1.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 8 365 NOK → 22.51m NOK (0% → 96% of revenue). Calculated