Org.nr 914 246 997 2018 → 2019 Year-over-year analysis

AJA VIN AS: årsregnskap 2019 vs 2018

Shrank 25% on revenue, cash halved-plus

approved 2020-08-17; registry 2020-09-12; journal 2020 801585

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AJA VIN AS. Revenue 4.17m NOK → 3.14m NOK (-24.7%). Equity -17.56m NOK → -21.30m NOK.

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

4.17m NOK 3.14m NOK

-24.7%

Operating result

n/m -3.73m NOK

—

Net result

n/m -3.74m NOK

—

Equity

-17.56m NOK -21.30m NOK

-21.3%

Cash

42.3k NOK 15.2k NOK

-64.1%

Total assets

3.46m NOK 76.8k NOK

-97.8%

↓
Revenue fell

Operating income / revenue moved from 4.17m NOK to 3.14m NOK (-24.7% YoY). Calculated
↓
Equity eroded

Book equity -17.56m NOK → -21.30m NOK (equity ratio -507.4% → -27744.6%). Calculated
↓
Cash fell

Bank deposits 42.3k NOK → 15.2k NOK (-64.1% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 2.14× → 0.10× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 3.32m NOK → 3.95m NOK (80% → 126% of revenue). Calculated

·
Thin equity buffer

Equity ratio is -27744.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation