AJI AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue, weaker earnings
approved 2019-06-30; registry 2019-07-09; journal 2019 661061
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AJI AS. Revenue 528.5k NOK → 528 NOK (-99.9%). Net result +364.0k NOK → +123.8k NOK. Equity 179.3k NOK → 55.5k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AJI AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 105.3k NOK → 127.0k NOK (+20.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.76× → 1.10×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 528.5k NOK to 528 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +478.0k NOK → -137.8k NOK (op. margin 90.4% → -26090.0%). Calculated
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↓
Net result weakened
Net result +364.0k NOK → +123.8k NOK (net margin 68.9% → 23441.9%). Calculated
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↓
Equity eroded
Book equity 179.3k NOK → 55.5k NOK (equity ratio 16096.5% → 5.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation