AIK VVS AS: årsregnskap 2018 vs 2017
Shrank 80% on revenue, cash halved-plus
approved 2019-05-20; registry 2019-06-11; journal 2019 403132
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIK VVS AS. Revenue 628.4k NOK → 126.5k NOK (-79.9%). Equity 176.0k NOK → 87.4k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AIK VVS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +5 774 NOK → +89.4k NOK (op. margin 0.9% → 70.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 628.4k NOK to 126.5k NOK (-79.9% YoY). Calculated
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↓
Equity eroded
Book equity 176.0k NOK → 87.4k NOK (equity ratio 46.6% → 26.2%). Calculated
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↓
Cash fell
Bank deposits 86.9k NOK → 42.5k NOK (-51.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.53× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 1 281 NOK → 496.7k NOK (0% → 393% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 76.0k NOK → 58.3k NOK. Reported fact