AHE HELSE AS: årsregnskap 2018 vs 2017
Stronger earnings
approved 2019-06-30; registry 2019-07-27; journal 2019 798136
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AHE HELSE AS. Revenue 622.5k NOK → 619.3k NOK (-0.5%). Net result +340.1k NOK → +862.1k NOK. Equity 813.9k NOK → 26.0k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AHE HELSE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +113.8k NOK → +178.0k NOK (op. margin 18.3% → 28.7%). Calculated
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↑
Net result improved
Net result +340.1k NOK → +862.1k NOK (net margin 54.6% → 139.2%). Calculated
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↑
Cash rose
Bank deposits 184.3k NOK → 745.0k NOK (+304.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 622.5k NOK to 619.3k NOK (-0.5% YoY). Calculated
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↓
Equity eroded
Book equity 813.9k NOK → 26.0k NOK (equity ratio 86.4% → 5.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 671.5k NOK → 641.5k NOK. Reported fact