AEROTEC MANAGEMENT AS: årsregnskap 2019 vs 2018
Grew 26% on revenue, slipped into loss
approved 2020-03-24; registry 2020-03-28; journal 2020 262955
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AEROTEC MANAGEMENT AS. Revenue 655.5k NOK → 824.0k NOK (+25.7%). Net result +30.8k NOK → -33.7k NOK. Equity 115.9k NOK → 82.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for AEROTEC MANAGEMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 655.5k NOK to 824.0k NOK (+25.7% YoY). Calculated
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↑
Cash rose
Bank deposits 307.7k NOK → 401.1k NOK (+30.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +40.0k NOK → -43.3k NOK (op. margin 6.1% → -5.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 30.8k NOK profit to a loss of 33.7k NOK. Calculated
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↓
Equity eroded
Book equity 115.9k NOK → 82.2k NOK (equity ratio 32.3% → 19.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 368.9k NOK → 698.0k NOK (56% → 85% of revenue). Calculated