FirmaIQ
Org.nr 980 285 197 2016 → 2017 Year-over-year analysis

AIR & ROAD TRANSPORT AS: årsregnskap 2017 vs 2016

Grew 16% on revenue

approved 2018-03-08; registry 2018-07-23; journal 2018 755169

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AIR & ROAD TRANSPORT AS. Revenue 45.84m NOK → 53.23m NOK (+16.1%). Net result +4.49m NOK → +5.28m NOK. Equity 9.39m NOK → 2.02m NOK.

On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AIR & ROAD TRANSPORT AS.

At a glance

Scorecard

Revenue
45.84m NOK 53.23m NOK
+16.1%
Operating result
n/m +6.74m NOK
—
Net result
+4.49m NOK +5.28m NOK
+17.5%
Equity
9.39m NOK 2.02m NOK
-78.4%
Cash
10.69m NOK 11.96m NOK
+11.8%
Total assets
20.93m NOK 24.25m NOK
+15.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 45.84m NOK to 53.23m NOK (+16.1% YoY). Calculated

  • ↑

    Net result improved

    Net result +4.49m NOK → +5.28m NOK (net margin 9.8% → 9.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 10.69m NOK → 11.96m NOK (+11.8% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 9.39m NOK → 2.02m NOK (equity ratio 44.8% → 8.3%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 8.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.19m NOK → 726.0k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Payroll increased

    Salary cost 5.17m NOK → 5.61m NOK (11% → 11% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 32.45m NOK → 38.40m NOK (+18.3% YoY). Calculated