AEROSPORT ENGINEERING AS: årsregnskap 2019 vs 2018
Grew 98% on revenue, weaker earnings, cash halved-plus
approved 2020-08-31; registry 2020-09-09; journal 2020 807109
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AEROSPORT ENGINEERING AS. Revenue 25.2k NOK → 50.0k NOK (+98.1%). Net result -18.9k NOK → -88.3k NOK. Equity -116.8k NOK → -205.1k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; 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
What improved
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↑
Revenue rose
Operating income / revenue moved from 25.2k NOK to 50.0k NOK (+98.1% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -18.9k NOK → -88.3k NOK (net margin -74.9% → -176.6%). Calculated
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↓
Equity eroded
Book equity -116.8k NOK → -205.1k NOK (equity ratio -3.5% → -5.3%). Calculated
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↓
Cash fell
Bank deposits 40.9k NOK → 3 674 NOK (-91.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation