AERO NORWAY AS: årsregnskap 2017 vs 2016
Grew 85% on revenue, cash halved-plus
approved 2018-01-31; registry 2018-02-06; journal 2018 205405
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AERO NORWAY AS. Revenue 44.09m NOK → 81.69m NOK (+85.3%). Equity 7.60m NOK → 10.77m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AERO NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 44.09m NOK to 81.69m NOK (+85.3% YoY). Calculated
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↑
Equity strengthened
Book equity 7.60m NOK → 10.77m NOK (equity ratio 17.9% → 18.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 1.98m NOK → 815.6k NOK (-58.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 10.20m NOK → 12.97m NOK (23% → 16% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 26.80m NOK → 59.74m NOK (+122.9% YoY). Calculated