FirmaIQ
Org.nr 915 532 454 2018 → 2019 Year-over-year analysis

AIR & ENERGY AS: årsregnskap 2019 vs 2018

Stronger earnings

approved 2020-06-19; registry 2020-07-07; journal 2020 552378

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AIR & ENERGY AS. Net result +4 NOK → +58.7k NOK. Equity 4 740 NOK → -5 131 NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIR & ENERGY AS.

At a glance

Scorecard

Operating result
-6 540 NOK -5 872 NOK
+10.2%
Net result
+4 NOK +58.7k NOK
+1467650.0%
Equity
4 740 NOK -5 131 NOK
-208.2%
Cash
808 NOK 179.8k NOK
+22153.5%
Total assets
4 680 NOK 4 051 NOK
-13.4%

What improved

  • ↑

    Operating result improved

    Operating result -6 540 NOK → -5 872 NOK. Calculated

  • ↑

    Net result improved

    Net result +4 NOK → +58.7k NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 808 NOK → 179.8k NOK (+22153.5% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 4 740 NOK → -5 131 NOK (equity ratio 101.3% → -126.7%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.19× → 0.44× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -126.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation