AERO ENGINEERING AS: årsregnskap 2018 vs 2017
Grew 17% on revenue, cash halved-plus
approved 2019-01-15; registry 2019-06-11; journal 2019 404950
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AERO ENGINEERING AS. Revenue 1.84m NOK → 2.15m NOK (+16.7%). Equity 414.7k NOK → 861.6k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AERO ENGINEERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.84m NOK to 2.15m NOK (+16.7% YoY). Calculated
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↑
Equity strengthened
Book equity 414.7k NOK → 861.6k NOK (equity ratio 35.5% → 50.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +849.6k NOK → +1 121 NOK (op. margin 46.1% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 856.7k NOK → 279.7k NOK (-67.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 785.8k NOK → 845.8k NOK (43% → 39% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 74.0k NOK → 41.8k NOK (-43.5% YoY). Calculated