AIIE INVEST AS: årsregnskap 2017 vs 2016
Shrank 69% on revenue, stronger earnings, cash halved-plus
approved 2018-06-28; registry 2018-07-10; journal 2018 662534
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIIE INVEST AS. Revenue 993.7k NOK → 309.1k NOK (-68.9%). Net result -297.17m NOK → -59.2k NOK. Equity 124.6k NOK → 65.4k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIIE INVEST AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -297.17m NOK → -59.2k NOK (net margin -29905.7% → -19.2%). Calculated
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Payroll decreased
Salary cost 762.1k NOK → 86.5k NOK (77% → 28% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 993.7k NOK to 309.1k NOK (-68.9% YoY). Calculated
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↓
Equity eroded
Book equity 124.6k NOK → 65.4k NOK (equity ratio 23.4% → 8.1%). Calculated
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Cash fell
Bank deposits 88.8k NOK → 27.9k NOK (-68.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 557.2k NOK → 36.3k NOK (-93.5% YoY). Calculated