Org.nr 916 731 221 2016 → 2017 Year-over-year analysis

AERO ENGINEERING AS: årsregnskap 2017 vs 2016

Grew 117705% on revenue

approved 2018-05-20; registry 2018-07-30; journal 2018 824326

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AERO ENGINEERING AS. Revenue 1 563 NOK → 1.84m NOK (+117705.2%). Equity 6.24m NOK → 414.7k NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AERO ENGINEERING AS.

At a glance

Revenue

1 563 NOK 1.84m NOK

+117705.2%

Operating result

+845.1k NOK +849.6k NOK

+0.5%

Equity

6.24m NOK 414.7k NOK

-93.4%

Cash

787.1k NOK 856.7k NOK

+8.8%

Total assets

1.01m NOK 1.17m NOK

+15.6%

↑
Revenue rose

Operating income / revenue moved from 1 563 NOK to 1.84m NOK (+117705.2% YoY). Calculated
↑
Operating result improved

Operating result +845.1k NOK → +849.6k NOK (op. margin 54070.1% → 46.1%). Calculated
↑
Cash rose

Bank deposits 787.1k NOK → 856.7k NOK (+8.8% YoY). Calculated

↓
Equity eroded

Book equity 6.24m NOK → 414.7k NOK (equity ratio 618.1% → 35.5%). Calculated

·
Payroll increased

Salary cost 1 506 NOK → 785.8k NOK (96% → 43% of revenue). Calculated
·
COGS fell

COGS / varekostnad 132.3k NOK → 74.0k NOK (-44.1% YoY). Calculated