AIR TICKET AS: årsregnskap 2018 vs 2017
Grew 11% on revenue, weaker earnings
approved 2019-06-25; registry 2019-08-21; journal 2019 926182
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIR TICKET AS. Revenue 126.08m NOK → 139.95m NOK (+11.0%). Net result +791.3k NOK → +501.8k NOK. Equity 4.54m NOK → 5.05m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AIR TICKET AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 126.08m NOK to 139.95m NOK (+11.0% YoY). Calculated
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↑
Equity strengthened
Book equity 4.54m NOK → 5.05m NOK (equity ratio 35.0% → 36.5%). Calculated
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↑
Cash rose
Bank deposits 617.1k NOK → 639.4k NOK (+3.6% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +791.3k NOK → +501.8k NOK (net margin 0.6% → 0.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.94m NOK → 2.42m NOK (2% → 2% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 121.19m NOK → 134.82m NOK (+11.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 747.2k NOK → 608.9k NOK. Reported fact