AIR ENERGI NORWAY AS: årsregnskap 2016 vs 2015
Grew 5272% on revenue, weaker earnings, cash halved-plus
approved 2018-05-02; registry 2018-06-07; journal 2018 460722
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AIR ENERGI NORWAY AS. Revenue 449.1k NOK → 24.13m NOK (+5271.9%). Net result +394.1k NOK → +146.0k NOK. Equity -2.54m NOK → -2.39m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for AIR ENERGI NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 449.1k NOK to 24.13m NOK (+5271.9% YoY). Calculated
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↑
Equity strengthened
Book equity -2.54m NOK → -2.39m NOK (equity ratio -21.4% → -24.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +543.5k NOK → -30.2k NOK (op. margin 121.0% → -0.1%). Calculated
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↓
Net result weakened
Net result +394.1k NOK → +146.0k NOK (net margin 87.8% → 0.6%). Calculated
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↓
Cash fell
Bank deposits 8.72m NOK → 2.58m NOK (-70.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -24.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (8.72m NOK → 2.58m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 2.57m NOK → 2.80m NOK (573% → 12% of revenue). Calculated
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COGS fell
COGS / varekostnad 33.72m NOK → 22.36m NOK (-33.7% YoY). Calculated