AJ EIENDOM STORD AS: årsregnskap 2018 vs 2017
Shrank 46% on revenue, stronger earnings
approved 2019-03-07; registry 2019-04-02; journal 2019 262645
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AJ EIENDOM STORD AS. Revenue 392.0k NOK → 213.4k NOK (-45.6%). Net result +287.9k NOK → +348.3k NOK. Equity 408.3k NOK → 60.0k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AJ EIENDOM STORD AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +42.4k NOK → +119.6k NOK (op. margin 10.8% → 56.0%). Calculated
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Net result improved
Net result +287.9k NOK → +348.3k NOK (net margin 73.5% → 163.2%). Calculated
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Cash rose
Bank deposits 60.0k NOK → 111.2k NOK (+85.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 392.0k NOK to 213.4k NOK (-45.6% YoY). Calculated
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↓
Equity eroded
Book equity 408.3k NOK → 60.0k NOK (equity ratio 7.1% → 1.1%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation