AIR ENERGI NORWAY AS: årsregnskap 2018 vs 2017
A steady year on the published lines
approved 2019-11-15; registry 2019-11-18; journal 2019 943861
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIR ENERGI NORWAY AS. Revenue 24.46m NOK → 24.95m NOK (+2.0%). Net result +536.4k NOK → +568.8k NOK. Equity -1.85m NOK → -1.28m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. 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 24.46m NOK to 24.95m NOK (+2.0% YoY). Calculated
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↑
Operating result improved
Operating result +489.1k NOK → +724.8k NOK (op. margin 2.0% → 2.9%). Calculated
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↑
Net result improved
Net result +536.4k NOK → +568.8k NOK (net margin 2.2% → 2.3%). Calculated
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↑
Equity strengthened
Book equity -1.85m NOK → -1.28m NOK (equity ratio -63.6% → -68.1%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 924.4k NOK → 497.7k NOK (-46.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -68.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 491.0k NOK → 1.94m NOK (2% → 8% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 23.06m NOK → 21.97m NOK (-4.7% YoY). Calculated