AIDEA AS: årsregnskap 2018 vs 2017
Shrank 76% on revenue, stronger earnings
approved 2019-03-17; registry 2019-03-25; journal 2019 247807
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIDEA AS. Revenue 67.4k NOK → 16.5k NOK (-75.5%). Net result -179.6k NOK → -40.5k NOK. Equity 36.1k NOK → -4 367 NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIDEA AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -179.6k NOK → -40.5k NOK (net margin -266.5% → -245.4%). Calculated
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Payroll decreased
Salary cost 37.2k NOK → -2 036 NOK (55% → -12% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 67.4k NOK to 16.5k NOK (-75.5% YoY). Calculated
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Equity eroded
Book equity 36.1k NOK → -4 367 NOK (equity ratio 91.1% → -25.6%). Calculated
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Cash fell
Bank deposits 33.6k NOK → 17.0k NOK (-49.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 11.25× → 0.80× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad 5 000 NOK → 12.9k NOK (+158.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -25.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation