AET SEA SHUTTLE AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, cash halved-plus
approved 2020-06-19; registry 2020-07-20; journal 2020 579061
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AET SEA SHUTTLE AS. Revenue 42.65m NOK → 42.6k NOK (-99.9%). Equity 107.45m NOK → 116.56m NOK.
On the constructive side: 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; cogs fell. All figures are taken from the published annual accounts for AET SEA SHUTTLE AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 107.45m NOK → 116.56m NOK (equity ratio 42.5% → 48.5%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.80× → 963.17×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 42.65m NOK to 42.6k NOK (-99.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +17.13m NOK → +16.4k NOK (op. margin 40.2% → 38.4%). Calculated
-
↓
Cash fell
Bank deposits 15.78m NOK → 18.4k NOK (-99.9% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (15.78m NOK → 18.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 107.45m NOK → 117.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 24.97m NOK → 25.8k NOK (-99.9% YoY). Calculated