Org.nr 984 735 227 2017 → 2018 Year-over-year analysis

AIBEL AS: årsregnskap 2018 vs 2017

Shrank 13% on revenue, cash halved-plus

approved 2019-03-05; registry 2019-07-15; journal 2019 703676

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for AIBEL AS. Revenue 8.41bn NOK → 7.29bn NOK (-13.4%). Equity 772.18m NOK → 1.09bn NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AIBEL AS.

At a glance

Revenue

8.41bn NOK 7.29bn NOK

-13.4%

Operating result

n/m +490.15m NOK

—

Equity

772.18m NOK 1.09bn NOK

+40.6%

Cash

857.86m NOK 246.27m NOK

-71.3%

Total assets

4.97bn NOK 4.65bn NOK

-6.6%

↑
Equity strengthened

Book equity 772.18m NOK → 1.09bn NOK (equity ratio 15.5% → 23.4%). Calculated
↑
Payroll decreased

Salary cost 3.92bn NOK → 2.63bn NOK (47% → 36% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 8.41bn NOK to 7.29bn NOK (-13.4% YoY). Calculated
↓
Cash fell

Bank deposits 857.86m NOK → 246.27m NOK (-71.3% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (857.86m NOK → 246.27m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
COGS fell

COGS / varekostnad 3.53bn NOK → 2.43bn NOK (-31.2% YoY). Calculated