Org.nr 914 246 997 2017 → 2018 Year-over-year analysis

AJA VIN AS: årsregnskap 2018 vs 2017

Shrank 12% on revenue, cash halved-plus

approved 2019-06-28; registry 2019-08-06; journal 2019 872396

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for AJA VIN AS. Revenue 4.73m NOK → 4.17m NOK (-11.9%). Equity -13.01m NOK → -17.56m NOK.

On the constructive side: 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 AJA VIN AS.

At a glance

Revenue

4.73m NOK 4.17m NOK

-11.9%

Operating result

-1.85m NOK n/m

—

Equity

-13.01m NOK -17.56m NOK

-35.0%

Cash

166.1k NOK 42.3k NOK

-74.5%

Total assets

5.35m NOK 3.46m NOK

-35.3%

↑
Payroll decreased

Salary cost 3.41m NOK → 3.32m NOK (72% → 80% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.73m NOK to 4.17m NOK (-11.9% YoY). Calculated
↓
Equity eroded

Book equity -13.01m NOK → -17.56m NOK (equity ratio -243.3% → -507.4%). Calculated
↓
Cash fell

Bank deposits 166.1k NOK → 42.3k NOK (-74.5% YoY). Calculated
↓
COGS moved

COGS / varekostnad 2.16m NOK → 2.23m NOK (+3.2% YoY). Calculated

·
Thin equity buffer

Equity ratio is -507.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation