AIVOG AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2019-05-03; registry 2019-06-12; journal 2019 413752
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIVOG AS. Revenue 242.70m NOK → 325.3k NOK (-99.9%). Net result +151.6k NOK → +745.8k NOK. Equity 11.07m NOK → 10.23m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AIVOG AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +134.7k NOK → +167.5k NOK (op. margin 0.1% → 51.5%). Calculated
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↑
Net result improved
Net result +151.6k NOK → +745.8k NOK (net margin 0.1% → 229.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 242.70m NOK to 325.3k NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 11.07m NOK → 10.23m NOK (equity ratio 98.3% → 82.7%). Calculated
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↓
Cash fell
Bank deposits 1.96m NOK → 594.1k NOK (-69.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.96m NOK → 594.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 2.78m NOK → 7.85m NOK. Reported fact