AIR-SEP NORGE AS: årsregnskap 2019 vs 2018
Shrank 75% on revenue
approved 2020-07-19; registry 2020-07-23; journal 2020 631208
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIR-SEP NORGE AS. Revenue 982.0k NOK → 245.3k NOK (-75.0%).
On the constructive side: operating result improved. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIR-SEP NORGE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -23.4k NOK → +51.0k NOK (op. margin -2.4% → 20.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 982.0k NOK to 245.3k NOK (-75.0% YoY). Calculated
-
↓
Cash fell
Bank deposits 197.2k NOK → 192.0k NOK (-2.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 4.86× → 0.75× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 483.2k NOK → 36.2k NOK (-92.5% YoY). Calculated