ADS AIRPORT SERVICES AS: årsregnskap 2018 vs 2017
Grew 38% on revenue
approved 2019-06-29; registry 2019-08-05; journal 2019 865140
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADS AIRPORT SERVICES AS. Revenue 304.9k NOK → 421.9k NOK (+38.4%). Net result +728.2k NOK → +833.3k NOK. Equity 1.05m NOK → 216.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADS AIRPORT SERVICES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 304.9k NOK to 421.9k NOK (+38.4% YoY). Calculated
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Operating result improved
Operating result -165.9k NOK → +401.3k NOK (op. margin -54.4% → 95.1%). Calculated
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Net result improved
Net result +728.2k NOK → +833.3k NOK (net margin 238.8% → 197.5%). Calculated
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Cash rose
Bank deposits 23.6k NOK → 2.12m NOK (+8910.6% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.72× → 86.71×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.05m NOK → 216.4k NOK (equity ratio 12.9% → 2.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 10.0k NOK → 1.80m NOK. Reported fact