ADS AIRPORT SERVICES AS: årsregnskap 2019 vs 2018
Shrank 53% on revenue, slipped into loss
approved 2020-08-31; registry 2020-10-01; journal 2020 885190
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADS AIRPORT SERVICES AS. Revenue 421.9k NOK → 199.0k NOK (-52.8%). Net result +833.3k NOK → -1.42m NOK. Equity 216.4k NOK → -1.20m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
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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↑
Cash rose
Bank deposits 2.12m NOK → 2.27m NOK (+7.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 421.9k NOK to 199.0k NOK (-52.8% YoY). Calculated
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↓
Operating result weakened
Operating result +401.3k NOK → -1.14m NOK (op. margin 95.1% → -572.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 833.3k NOK profit to a loss of 1.42m NOK. Calculated
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↓
Equity eroded
Book equity 216.4k NOK → -1.20m NOK (equity ratio 2.8% → -15.0%). Calculated
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↓
COGS moved
COGS / varekostnad 42.3k NOK → 662.7k NOK (+1464.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -15.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.80m NOK → 10.0k NOK. Reported fact