AHARA AS: årsregnskap 2018 vs 2017
Grew 179% on revenue, cash halved-plus
approved 2019-06-30; registry 2019-07-31; journal 2019 859990
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AHARA AS. Revenue 247.5k NOK → 689.6k NOK (+178.6%). Equity 6.68m NOK → 79.6k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AHARA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 247.5k NOK to 689.6k NOK (+178.6% YoY). Calculated
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↑
Operating result improved
Operating result -518.9k NOK → -182.6k NOK (op. margin -209.7% → -26.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 6.68m NOK → 79.6k NOK (equity ratio 128.7% → 2.5%). Calculated
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↓
Cash fell
Bank deposits 259.4k NOK → 110.8k NOK (-57.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.89× → 0.10× — 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 2.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 302.3k NOK → 257.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 522.4k NOK → 599.0k NOK (211% → 87% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 5 000 NOK → 1.00m NOK. Reported fact