FirmaIQ
Org.nr 956 602 300 2018 → 2019 Year-over-year analysis

AEX TRANSPORT AS: årsregnskap 2019 vs 2018

Cash halved-plus

approved 2020-02-20; registry 2020-03-18; journal 2020 247239

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AEX TRANSPORT AS. Revenue 19.78m NOK → 19.11m NOK (-3.4%). Equity 349.5k NOK → -277.0k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AEX TRANSPORT AS.

At a glance

Scorecard

Revenue
19.78m NOK 19.11m NOK
-3.4%
Operating result
n/m -522.1k NOK
—
Net result
n/m -626.5k NOK
—
Equity
349.5k NOK -277.0k NOK
-179.3%
Cash
1.35m NOK 370.7k NOK
-72.5%
Total assets
5.57m NOK 5.63m NOK
+1.2%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 19.78m NOK to 19.11m NOK (-3.4% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 349.5k NOK → -277.0k NOK (equity ratio 6.3% → -4.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.35m NOK → 370.7k NOK (-72.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2 018 NOK → 3.13m NOK (0% → 16% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.35m NOK → 370.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 14.16m NOK → 12.67m NOK (-10.5% YoY). Calculated