FirmaIQ
Org.nr 997 869 621 2018 → 2019 Year-over-year analysis

AIR ENERGI NORWAY AS: årsregnskap 2019 vs 2018

Shrank 30% on revenue, slipped into loss

approved 2020-12-31; registry 2021-04-06; journal 2021 182770

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AIR ENERGI NORWAY AS. Revenue 24.95m NOK → 17.55m NOK (-29.7%). Net result +568.8k NOK → -209.2k NOK. Equity -1.28m NOK → -1.49m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIR ENERGI NORWAY AS.

At a glance

Scorecard

Revenue
24.95m NOK 17.55m NOK
-29.7%
Operating result
+724.8k NOK -203.9k NOK
-128.1%
Net result
+568.8k NOK -209.2k NOK
-136.8%
Equity
-1.28m NOK -1.49m NOK
-16.3%
Cash
497.7k NOK 469.9k NOK
-5.6%
Total assets
1.89m NOK 4.76m NOK
+152.3%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 24.95m NOK to 17.55m NOK (-29.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +724.8k NOK → -203.9k NOK (op. margin 2.9% → -1.2%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 568.8k NOK profit to a loss of 209.2k NOK. Calculated

  • ↓

    Equity eroded

    Book equity -1.28m NOK → -1.49m NOK (equity ratio -68.1% → -31.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 497.7k NOK → 469.9k NOK (-5.6% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 21.97m NOK → 14.68m NOK (-33.2% YoY). Calculated