AET SEA SHUTTLE AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, cash halved-plus
approved 2018-06-19; registry 2018-07-19; journal 2018 722909
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AET SEA SHUTTLE AS. Revenue 43.17m NOK → 43.2k NOK (-99.9%). Net result +12.89m NOK → +14.91m NOK. Equity 80.86m NOK → 95.21m NOK.
On the constructive side: net result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for AET SEA SHUTTLE AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +12.89m NOK → +14.91m NOK (net margin 29.9% → 34519.9%). Calculated
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↑
Equity strengthened
Book equity 80.86m NOK → 95.21m NOK (equity ratio 29.4% → 36.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.62× → 716.30×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 43.17m NOK to 43.2k NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +17.07m NOK → +18.6k NOK (op. margin 39.5% → 43.1%). Calculated
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↓
Cash fell
Bank deposits 16.99m NOK → 15.5k NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (16.99m NOK → 15.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 63.01m NOK → 63 NOK — check capital reduction, conversion, or reclassification. Interpretation