AERONAUT AS: årsregnskap 2019 vs 2018
Shrank 93% on revenue
approved 2020-05-11; registry 2020-06-04; journal 2020 387928
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AERONAUT AS. Revenue 799.5k NOK → 57.0k NOK (-92.9%). Equity 10.0k NOK → -67.7k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AERONAUT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 170.1k NOK → 622.1k NOK (+265.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 799.5k NOK to 57.0k NOK (-92.9% YoY). Calculated
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↓
Operating result weakened
Operating result +348.4k NOK → -99.7k NOK (op. margin 43.6% → -174.8%). Calculated
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↓
Equity eroded
Book equity 10.0k NOK → -67.7k NOK (equity ratio 5.9% → -10.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.87× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -10.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation