Org.nr 816 177 812 2015 → 2016 Year-over-year analysis

AEROSPORT ENGINEERING AS: årsregnskap 2016 vs 2015

Shrank 100% on revenue, cash halved-plus

approved 2017-05-30; registry 2017-07-31; journal 2017 795304

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for AEROSPORT ENGINEERING AS. Revenue 84.0k NOK → 0 NOK (-100.0%). Equity 6 196 NOK → -61.7k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AEROSPORT ENGINEERING AS.

At a glance

Revenue

84.0k NOK 0 NOK

-100.0%

Operating result

n/m -66.8k NOK

—

Net result

n/m -67.9k NOK

—

Equity

6 196 NOK -61.7k NOK

-1095.6%

Cash

121.9k NOK 25.5k NOK

-79.1%

Total assets

1.18m NOK 1.57m NOK

+32.5%

↓
Revenue fell

Operating income / revenue moved from 84.0k NOK to 0 NOK (-100.0% YoY). Calculated
↓
Equity eroded

Book equity 6 196 NOK → -61.7k NOK (equity ratio 0.5% → -3.9%). Calculated
↓
Cash fell

Bank deposits 121.9k NOK → 25.5k NOK (-79.1% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 10.49× → 0.05× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Thin equity buffer

Equity ratio is -3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation