AIR TICKET AS: årsregnskap 2020 vs 2019
Shrank 80% on revenue, weaker earnings, cash halved-plus
approved 2021-05-02; registry 2021-06-09; journal 2021 272540
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIR TICKET AS. Revenue 155.17m NOK → 30.73m NOK (-80.2%). Net result -569.7k NOK → -1.86m NOK. Equity 3.88m NOK → 2.01m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIR TICKET AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 155.17m NOK to 30.73m NOK (-80.2% YoY). Calculated
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Operating result weakened
Operating result +520.2k NOK → -1.87m NOK (op. margin 0.3% → -6.1%). Calculated
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Net result weakened
Net result -569.7k NOK → -1.86m NOK (net margin -0.4% → -6.1%). Calculated
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Equity eroded
Book equity 3.88m NOK → 2.01m NOK (equity ratio 35.1% → 31.2%). Calculated
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Cash fell
Bank deposits 170.6k NOK → 22.0k NOK (-87.1% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 148.92m NOK → 26.75m NOK (-82.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 442.7k NOK → 1.44m NOK. Reported fact