FirmaIQ
Org.nr 914 305 195 2017 → 2018 Year-over-year analysis

AIR CARGO LOGISTICS AS: årsregnskap 2018 vs 2017

Grew 11% on revenue, weaker earnings

approved 2019-06-06; registry 2019-06-27; journal 2019 544071

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for AIR CARGO LOGISTICS AS. Revenue 392.65m NOK → 437.16m NOK (+11.3%). Net result +437160.43bn NOK → +2 018 NOK. Equity 6.76m NOK → 7.53m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.

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

At a glance

Scorecard

Revenue
392.65m NOK 437.16m NOK
+11.3%
Net result
+437160.43bn NOK +2 018 NOK
-100.0%
Equity
6.76m NOK 7.53m NOK
+11.4%
Cash
16.06m NOK 32.41m NOK
+101.8%
Total assets
84.02m NOK 105.78m NOK
+25.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 392.65m NOK to 437.16m NOK (+11.3% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 6.76m NOK → 7.53m NOK (equity ratio 8.0% → 7.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 16.06m NOK → 32.41m NOK (+101.8% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +437160.43bn NOK → +2 018 NOK (net margin 111336144.1% → 0.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 7.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 6.86m NOK → 9.82m NOK (2% → 2% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 378.09m NOK → 419.36m NOK (+10.9% YoY). Calculated