ACCESS AIR CHARTER AS: årsregnskap 2020 vs 2019
Grew 344% on revenue, returned to profit
approved 2021-06-29; registry 2022-06-20; journal 2022 475811
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCESS AIR CHARTER AS. Revenue 244 NOK → 1 083 NOK (+343.9%). Net result -7 826 NOK → +194.6k NOK. Equity -112.3k NOK → 82.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCESS AIR CHARTER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 244 NOK to 1 083 NOK (+343.9% YoY). Calculated
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Operating result improved
Operating result -7 540 NOK → +208.4k NOK (op. margin -3090.2% → 19245.6%). Calculated
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Turned profitable
Net result flipped from a loss of 7 826 NOK to a profit of 194.6k NOK. Calculated
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Equity strengthened
Book equity -112.3k NOK → 82.3k NOK (equity ratio 23.2% → 9.8%). Calculated
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Cash rose
Bank deposits -483.9k NOK → 109.3k NOK (+122.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation