FirmaIQ
Org.nr 914 305 195 2016 → 2017 Year-over-year analysis

AIR CARGO LOGISTICS AS: årsregnskap 2017 vs 2016

Grew 13% on revenue, stronger earnings

approved 2018-05-30; registry 2018-07-14; journal 2018 683278

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AIR CARGO LOGISTICS AS. Revenue 346.00m NOK → 392.65m NOK (+13.5%). Net result +2 016 NOK → +437160.43bn NOK. Equity 6.94m NOK → 6.76m NOK.

On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AIR CARGO LOGISTICS AS.

At a glance

Scorecard

Revenue
346.00m NOK 392.65m NOK
+13.5%
Net result
+2 016 NOK +437160.43bn NOK
+21684545028119.5%
Equity
6.94m NOK 6.76m NOK
-2.7%
Cash
3.94m NOK 16.06m NOK
+307.2%
Total assets
55.23m NOK 84.02m NOK
+52.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 346.00m NOK to 392.65m NOK (+13.5% YoY). Calculated

  • ↑

    Net result improved

    Net result +2 016 NOK → +437160.43bn NOK (net margin 0.0% → 111336144.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.94m NOK → 16.06m NOK (+307.2% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 7.45m NOK → 6.86m NOK (2% → 2% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 6.94m NOK → 6.76m NOK (equity ratio 12.6% → 8.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 8.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 326.92m NOK → 378.09m NOK (+15.7% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 46.6k NOK → 0 NOK. Reported fact