Org.nr 994 469 800 2017 → 2018 Year-over-year analysis

ADAPTA AVIATION AS: årsregnskap 2018 vs 2017

Shrank 66% on revenue, cash halved-plus

approved 2019-06-30; registry 2019-08-03; journal 2019 899958

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADAPTA AVIATION AS. Revenue 235.1k NOK → 79.8k NOK (-66.1%). Equity -1.12m NOK → -1.14m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADAPTA AVIATION AS.

At a glance

Revenue

235.1k NOK 79.8k NOK

-66.1%

Operating result

n/m -146.1k NOK

—

Net result

n/m -26.0k NOK

—

Equity

-1.12m NOK -1.14m NOK

-2.3%

Cash

6 882 NOK 1 097 NOK

-84.1%

Total assets

7.67m NOK 1.08m NOK

-85.9%

↓
Revenue fell

Operating income / revenue moved from 235.1k NOK to 79.8k NOK (-66.1% YoY). Calculated
↓
Equity eroded

Book equity -1.12m NOK → -1.14m NOK (equity ratio -14.5% → -105.6%). Calculated
↓
Cash fell

Bank deposits 6 882 NOK → 1 097 NOK (-84.1% YoY). Calculated

·
Thin equity buffer

Equity ratio is -105.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 234.1k NOK → 79.8k NOK (-65.9% YoY). Calculated