AHN MANAGEMENT AS: årsregnskap 2018 vs 2017
Stronger earnings, cash halved-plus
approved 2019-06-30; registry 2019-07-25; journal 2019 793426
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AHN MANAGEMENT AS. Revenue 521.6k NOK → 521.6k NOK (0.0%). Net result -1.24m NOK → -13.9k NOK. Equity -3.38m NOK → -3.39m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AHN MANAGEMENT AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -1.24m NOK → -13.9k NOK (net margin -237.3% → -2.7%). Calculated
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Payroll decreased
Salary cost 2.97m NOK → 8 969 NOK (569% → 2% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -3.38m NOK → -3.39m NOK (equity ratio -353.9% → -365.4%). Calculated
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Cash fell
Bank deposits 33.0k NOK → 6 820 NOK (-79.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -365.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation