AIR BUILDING AS: årsregnskap 2019 vs 2018
Shrank 13% on revenue, slipped into loss
approved 2020-06-29; registry 2020-07-06; journal 2020 543939
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIR BUILDING AS. Revenue 3.23m NOK → 2.80m NOK (-13.4%). Net result +2 508 NOK → -78.9k NOK. Equity 8 561 NOK → -70.3k NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIR BUILDING AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -242.8k NOK → -71.4k NOK (op. margin -7.5% → -2.6%). Calculated
-
↑
Cash rose
Bank deposits 103.6k NOK → 105.4k NOK (+1.8% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.23m NOK to 2.80m NOK (-13.4% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 2 508 NOK profit to a loss of 78.9k NOK. Calculated
-
↓
Equity eroded
Book equity 8 561 NOK → -70.3k NOK (equity ratio 1.2% → -13.3%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.78m NOK → 1.81m NOK (55% → 65% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -13.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 947.2k NOK → 514.7k NOK (-45.7% YoY). Calculated