FirmaIQ
Org.nr 816 177 812 2016 → 2017 Year-over-year analysis

AEROSPORT ENGINEERING AS: årsregnskap 2017 vs 2016

Stronger earnings, cash halved-plus

approved 2018-07-20; registry 2018-07-23; journal 2018 789997

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AEROSPORT ENGINEERING AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -67.9k NOK → -36.2k NOK. Equity -61.7k NOK → -97.9k NOK.

On the constructive side: operating result improved; net result improved. Pressures included: 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

Scorecard

Revenue
0 NOK 0 NOK
0.0%
Operating result
-66.8k NOK -35.5k NOK
+46.9%
Net result
-67.9k NOK -36.2k NOK
+46.6%
Equity
-61.7k NOK -97.9k NOK
-58.7%
Cash
25.5k NOK 535 NOK
-97.9%
Total assets
1.57m NOK 2.18m NOK
+39.3%

What improved

  • ↑

    Operating result improved

    Operating result -66.8k NOK → -35.5k NOK. Calculated

  • ↑

    Net result improved

    Net result -67.9k NOK → -36.2k NOK. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -61.7k NOK → -97.9k NOK (equity ratio -3.9% → -4.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 25.5k NOK → 535 NOK (-97.9% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation