FirmaIQ
Org.nr 980 382 028 2017 → 2018 Year-over-year analysis

AIDA ELEKTRO AS: årsregnskap 2018 vs 2017

Shrank 99% on revenue, weaker earnings, cash halved-plus

approved 2019-06-30; registry 2019-07-13; journal 2019 694578

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for AIDA ELEKTRO AS. Revenue 8.78m NOK → 71.2k NOK (-99.2%). Net result +331.0k NOK → +59.2k NOK. Equity 646.2k NOK → 305.3k NOK.

Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIDA ELEKTRO AS.

At a glance

Scorecard

Revenue
8.78m NOK 71.2k NOK
-99.2%
Net result
+331.0k NOK +59.2k NOK
-82.1%
Equity
646.2k NOK 305.3k NOK
-52.7%
Cash
650.8k NOK 293.4k NOK
-54.9%
Total assets
4.60m NOK 3.90m NOK
-15.0%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 8.78m NOK to 71.2k NOK (-99.2% YoY). Calculated

  • ↓

    Net result weakened

    Net result +331.0k NOK → +59.2k NOK (net margin 3.8% → 83.1%). Calculated

  • ↓

    Equity eroded

    Book equity 646.2k NOK → 305.3k NOK (equity ratio 14.1% → 7.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 650.8k NOK → 293.4k NOK (-54.9% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 7.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation