FirmaIQ
Org.nr 985 855 692 2020 → 2021 Year-over-year analysis

AIR TICKET AS: årsregnskap 2021 vs 2020

Grew 59% on revenue, stronger earnings

approved 2022-08-11; registry 2022-08-27; journal 2022 901836

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for AIR TICKET AS. Revenue 30.73m NOK → 48.95m NOK (+59.3%). Net result -1.86m NOK → -973.0k NOK. Equity 2.01m NOK → 1.04m NOK.

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

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for AIR TICKET AS.

At a glance

Scorecard

Revenue
30.73m NOK 48.95m NOK
+59.3%
Operating result
-1.87m NOK -794.7k NOK
+57.4%
Net result
-1.86m NOK -973.0k NOK
+47.8%
Equity
2.01m NOK 1.04m NOK
-48.4%
Cash
22.0k NOK 53.9k NOK
+144.7%
Total assets
6.44m NOK 7.16m NOK
+11.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 30.73m NOK to 48.95m NOK (+59.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -1.87m NOK → -794.7k NOK (op. margin -6.1% → -1.6%). Calculated

  • ↑

    Net result improved

    Net result -1.86m NOK → -973.0k NOK (net margin -6.1% → -2.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 22.0k NOK → 53.9k NOK (+144.7% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 7.96m NOK → 689.1k NOK (26% → 1% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 2.01m NOK → 1.04m NOK (equity ratio 31.2% → 14.5%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 26.75m NOK → 45.81m NOK (+71.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.44m NOK → 1.56m NOK. Reported fact