Org.nr 898 433 072 2017 → 2018 Year-over-year analysis

AERO NORWAY AS: årsregnskap 2018 vs 2017

Grew 72% on revenue, cash halved-plus

approved 2019-03-29; registry 2019-05-23; journal 2019 350165

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for AERO NORWAY AS. Revenue 81.69m NOK → 140.63m NOK (+72.2%). Equity 10.77m NOK → 10.49m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

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

At a glance

Revenue

81.69m NOK 140.63m NOK

+72.2%

Net result

n/m +3.17m NOK

—

Equity

10.77m NOK 10.49m NOK

-2.6%

Cash

815.6k NOK 29.1k NOK

-96.4%

Total assets

57.34m NOK 73.64m NOK

+28.4%

↑
Revenue rose

Operating income / revenue moved from 81.69m NOK to 140.63m NOK (+72.2% YoY). Calculated

↓
Equity eroded

Book equity 10.77m NOK → 10.49m NOK (equity ratio 18.8% → 14.2%). Calculated
↓
Cash fell

Bank deposits 815.6k NOK → 29.1k NOK (-96.4% YoY). Calculated

·
Payroll increased

Salary cost 12.97m NOK → 17.04m NOK (16% → 12% of revenue). Calculated
·
COGS fell

COGS / varekostnad 59.74m NOK → 291.2k NOK (-99.5% YoY). Calculated