AQUALIS ASA: årsregnskap 2018 vs 2017
Grew 41% on revenue, returned to profit, cash halved-plus
approved 2019-06-11; registry 2019-08-06; journal 2019 883722
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AQUALIS ASA. Revenue 1.50m NOK → 2.12m NOK (+40.7%). Net result -38.05m NOK → +7.71m NOK. Equity 277.67m NOK → 9.25m NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for AQUALIS ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.50m NOK to 2.12m NOK (+40.7% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 38.05m NOK to a profit of 7.71m NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 277.67m NOK → 9.25m NOK (equity ratio 99.3% → 3.7%). Calculated
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↓
Cash fell
Bank deposits 53.66m NOK → 15.47m NOK (-71.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (53.66m NOK → 15.47m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 298.62m NOK → 43.93m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 224.69m NOK → 235.1k NOK. Reported fact