AJER EIENDOM AS: årsregnskap 2018 vs 2017
Mixed movements in the accounts
approved 2019-01-29; registry 2019-02-04; journal 2019 205830
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AJER EIENDOM AS. Revenue 2.64m NOK → 2.76m NOK (+4.8%). Equity 199.7k NOK → 200 NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AJER EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.64m NOK to 2.76m NOK (+4.8% YoY). Calculated
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↑
Operating result improved
Operating result +856.7k NOK → +964.2k NOK (op. margin 32.5% → 34.9%). Calculated
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↑
Payroll decreased
Salary cost 243.7k NOK → 215.7k NOK (9% → 8% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 199.7k NOK → 200 NOK (equity ratio 1.7% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 1.71m NOK → 1.01m NOK (-41.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation