AIR-TECH AS: årsregnskap 2017 vs 2016
Grew 32% on revenue, stronger earnings
approved 2018-04-26; registry 2018-07-28; journal 2018 813558
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIR-TECH AS. Revenue 3.79m NOK → 4.99m NOK (+31.7%). Net result +209.0k NOK → +563.9k NOK. Equity 309.0k NOK → 272.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AIR-TECH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.79m NOK to 4.99m NOK (+31.7% YoY). Calculated
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↑
Operating result improved
Operating result +279.7k NOK → +742.6k NOK (op. margin 7.4% → 14.9%). Calculated
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↑
Net result improved
Net result +209.0k NOK → +563.9k NOK (net margin 5.5% → 11.3%). Calculated
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↑
Cash rose
Bank deposits 370.5k NOK → 587.6k NOK (+58.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 309.0k NOK → 272.9k NOK (equity ratio 252.1% → 31.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.16m NOK → 2.23m NOK (57% → 45% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 883.2k NOK → 633.9k NOK (-28.2% YoY). Calculated